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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

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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

Lucapa prioritises high-value diamond mines

22 february 2019

news_02072018_lucapa.pngLucapa Diamond said it will prioritise production and cash generation from its two high-value diamond mines – Lulo alluvial mine, in Angola and the Mothae kimberlite mine, in Lesotho – to ensure shareholder value is maximised.
 “Growing shareholder value is our major imperative which, in the current climate, we believe warrants a complete focus on our high-value and cash-generating assets,” said Lucapa managing director Stephen Wetherall. 
 “Lulo and Mothae are two of the highest US$ per carat diamond mines in the world. The ability to increase production at our two mines, coupled with the significant marketing policy changes in Angola, leaves Lucapa ideally positioned to deliver additional value in 2019.” 
The company would advance the year-round Lulo kimberlite exploration programme to identify a possible source of the world’s highest-value alluvial diamonds. 
It said the timing of future work programmes for its two earlier-stage diamond exploration assets – the Brooking project, in Western Australia, and the Orapa Area F project, in Botswana – would also be reviewed.
“Our ongoing Lulo kimberlite exploration program will continue unabated, supported by the strong belief and confidence of the Board and our Angolan partners that the hard-rock source of the world’s best alluvial diamonds will be a significant global discovery,” said Wetherall.

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