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...

Yesterday

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 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