“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

Lucapa recovers 83 carat diamond from Mothae

15 march 2019

news_02072018_lucapa.pngLucapa Diamond has recovered an 83.9 carat diamond from the new 1.1 Mtpa Mothae kimberlite plant, in Lesotho. 
Although the stone was not gem-quality, it was the fourth +50 carat diamond recovered to date from the new Mothae mine, underlining its status as a large-stone resource.
The mine produced a 51.2 carat diamond in February and specials weighing 78 carats and 89 carats from the 2018 bulk sampling programme.
 “We are highly encouraged that the coarse size fraction in our recently commenced commercial production through the new 1.1 Mtpa Mothae plant is reinforcing why Lucapa invested in this second high-value resource to complement production from the Lulo mine in Angola,” said Lucapa managing director Stephen Wetherall.
The company recently raked in $3.8 million from the sale of 5,411 carats of rough diamonds recovered from Mothae.  
The diamonds were recovered during the 1.1Mtpa Mothae kimberlite plant ramp-up phase in the fourth quarter of 2018 and in the first month of commercial mining operations last January.  
The highest price achieved for an individual Mothae diamond was $36,664 per carat.  

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