“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 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