The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

Lucapa prepares for Mothae’s first run of mine sale in Antwerp

05 february 2019

news_02072018_lucapa.pngLucapa Diamond, which has a 70 percent stake in Lesotho’s Mothae, said it is preparing for its first run of mine sale that will be convened in Antwerp this month.
This comes after seven large diamonds, weighing 498 carats, from the company’s 40 percent-owned Lulo alluvial mine, in Angola were sold last week for $16.7 million or at an average price of $33,530 per carat.
Lucapa chief executive Stephen Wetherall noted in a paper seen by Rough & Polished on Monday ahead of his presentation at a mining conference in Cape Town that specials being recovered at Mothae included high colour whites weighing 78 carats and 38 carats as well as an 89 carat yellow.
Lucapa acquired the mine in 2017 and it installed a new Mothae plant, which incorporated advanced diamond recovery technology, including two XRT diamond recovery modules designed to recover large and rare Type IIa diamonds.
More than 4,100 carats of diamonds had been recovered from the bulk sampling of areas within the Mothae kimberlite pipe which had not previously been or had been inadequately tested during the previous trial mining phase.
Lucapa previously said it was targeting to produce about 44,000 carats of diamonds at Mothae over the first three years of commercial recoveries. 
An independent JORC resource estimate for Mothae was 1 million carats of diamonds at a modelled average diamond value of $1 063/carat – the second highest JORC average price per carat in the world.

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished