Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake...

09 september 2019

Recovery of diamond industry within a year if end-consumer demand holds – Zimnisky

An independent diamond industry analyst and consultant said the natural diamond industry will be in a better position within a year time if end-consumer demand holds. Paul Zimnisky, CFA told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

02 september 2019

Working according to one’s weaknesses and strengths

Canon Jhaveri grew up watching his diamond-dealer father and uncle working with diamonds. The sparkles of the diamonds fascinated the young boy, who became more intrigued every time he visited his father’s office. After graduating in 2002, Canon Jhaveri...

26 august 2019

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

Lucapa recovers 12th +100 carat diamond from Lulo

20 february 2019

Lucapa Diamond has recovered a 128 carat top-colour white Type IIa stone from its 40 percent-owned Lulo mine, in Angola.
This was the 12th +100 carat diamond recovered to date from the alluvial diamond mine. 
“It was among the Specials recovered recently from Mining Block 6, along with a 7.5 carat fancy purple pink gem,” said Lucapa.  

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Image credit: Lucapa Diamond


A 7.5 carat fancy purple pink was also recovered from the mine.
The Lulo partners were expected to include the 128 carat diamond and 7.5 carat fancy purple pink in the next international tender, along with the 75 carat Type IIa top-colour diamond recovered towards the end of 2018.
Lulo recently had a historic tender of seven large, top-quality diamonds, in Angola, which raked in $22.9 million at an average price of $33,530 per carat.

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