India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

Yesterday

“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

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11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Over 5,000 cts for first Mothae run of mine sale in Antwerp – Lucapa

22 february 2019

news_02072018_lucapa.pngLucapa Diamond, which has a 70 percent stake in Lesotho’s Mothae, said more than 5,000 carats will be placed under the hammer at its first run of mine sale in Antwerp. 
The tender comes weeks after seven large diamonds, weighing 498 carats, from the company’s 40 percent-owned Lulo alluvial mine, in Angola were sold for $16.7 million or at an average price of $33,530 per carat. 
“Viewings will happen third week of February and the tender will conclude the last week of February...,” company chief executive Stephen Wetherall told Rough & Polished.
Lucapa said 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, Rough&Polished