Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

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