Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake...

09 september 2019

Recovery of diamond industry within a year if end-consumer demand holds – Zimnisky

An independent diamond industry analyst and consultant said the natural diamond industry will be in a better position within a year time if end-consumer demand holds. Paul Zimnisky, CFA told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

02 september 2019

Working according to one’s weaknesses and strengths

Canon Jhaveri grew up watching his diamond-dealer father and uncle working with diamonds. The sparkles of the diamonds fascinated the young boy, who became more intrigued every time he visited his father’s office. After graduating in 2002, Canon Jhaveri...

26 august 2019

The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

Lucapa recovers ‘top-colour’ 55 ct diamond from Mothae

03 april 2019

Lucapa Diamond has recovered a ‘top-colour’ 55 carat diamond from its new 1.1 Mtpa Mothae kimberlite plant, in Lesotho. 
It said the 55 carat stone was the fifth +50 carat diamond recovered to date from its 70 percent-owned mine, where commercial production commenced in January 2019 following the commissioning and ramp-up phases for the 1.1 Mtpa plant and an earlier bulk sampling campaign. 

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                      Image credit: Lucapa Diamond


The mine produced a recovered an 83.9 carat diamond last month.
Lucapa 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