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

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04 march 2019

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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 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