Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

Lucara unearths second largest diamond in recorded history

26 april 2019

Lucara Diamond has recovered a 1,758 carat diamond from its wholly-owned Karowe diamond mine, in Botswana.  
The stone was the world’s second largest diamond after the 3,106-carat Cullinan diamond, recovered in South Africa in 1905.  

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                                Image credit: Lucara
          

Lucara’s 1,109-carat Lesedi La Rona diamond, unearthed in 2015 from the same Botswana mine, held the record as the second largest diamond in recorded history until the latest recovery. 
"Karowe has now produced two diamonds greater than 1,000 carats in just four years, affirming the coarse nature of the resource and the likelihood of recovering additional, large, high quality diamonds in the future, particularly as we mine deeper in the orebody…,” said company chief executive Eira Thomas.
The unbroken 1,758 carat stone was recovered through Lucara's XRT circuit and it had been characterised as near gem of variable quality, including domains of high-quality white gem. 
Since commissioning of the XRT circuit in 2015, a total of 12 diamonds in excess of 300 carats had been recovered at Karowe, from a total production of about 1.4 million carats.
Of the 12 +300 carat diamonds recovered, 50% were categorised as gem quality with 11 sold to date generating revenue in excess of $158 million.  

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