Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

Yesterday

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Lucapa’s Lulo alluvial mine to expand operations

05 june 2019

news_02072018_lucapa.pngLucapa Diamond said its 40%-owned Lulo alluvial mine, in Angola is set to reach a 50% expansion capacity in the second half of 2019.
The diamond company said Sociedade Mineira Do Lulo (SML) will self-fund a $12 million expansion of the alluvial mine this year.
“Expanded operations will accelerate dividend returns and return of about $30 million to Lucapa in investment loans provided to SML to explore for and develop the alluvial mining operations,” it said.
Lucapa said a third shift will be implemented on the plant.
Meanwhile, the ASX-listed mining company said Lulo is expected to register growth in sales prices following transformative Angolan diamond sector reforms, including access to international sales channels and cutting and polishing.
Lulo diamonds have so far this year generated $22.1 million, achieving an average price per carat of $3,668.

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