Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

Angola’ s inaugural diamond tender yields $16.7 mln, says Lucapa

01 february 2019

Lucapa Diamond said seven large diamonds, weighing 498 carats, from its 40 percent-owned Lulo alluvial mine, in Angola were sold for $16.7 million or at an average price of $33,530 per carat.
The sale brought total sales of Lulo diamonds to date to $141 million at an average price per carat of $2,105.

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Image credit: Lucapa Diamond

Lucapa said the exceptional sale prices achieved for the Lulo diamonds showed the highly-competitive bidding from leading international diamantaires and large stone manufacturers from eight countries that participated in the tender.
The tender was organised in Luanda by SODIAM, a state-owned company responsible for the trading of diamonds in Angola.
It marked a new dawn for the Angolan diamond mining industry as it was the first Angolan production offered for sale via competitive tender under the new diamond marketing policy enacted by president Joao Lourenco.
Diamond producers in Angola previously sold their rough to buyers selected by Luanda through an opaque government marketing system.
Angola, which was currently the fifth largest diamond producer in the world, wants to be one of the two leading diamond producing countries by 2022.
The country produced 9,4 million carats last year.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished