Innovation and automation can conquer any challenges

Rahul Gaywala, the CEO of STPL has been with the Sahajanand Group since 1993 and in his tenure with STPL, he has proved to be a hard-core innovator and technocrat intent on helping to transform the diamond trade from a labour-intensive industry to an...

Yesterday

Memorial Foundation of Carl Fabergé continues to fulfill its tasks

Valentin Skurlov, Ph. D., who is an Honorary Academician of the Russian Academy of Arts, professor, scientific secretary of the Fabergé Memorial Foundation, consulting researcher studying the Fabergé heritage at the Russian department of the Christie's...

30 march 2020

Gaetano Cavalieri: We need to protect the long-term health of our industry

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

23 march 2020

Sierra Leone mulls setting up entity to buy diamonds from artisanal miners

Sierra Leone will revise its Mines and Minerals Act that will, among other issues, pave way for the establishment of a State entity that can buy diamonds from artisanal miners, an official has said. The National Minerals Agency of Sierra Leone director-general...

16 march 2020

David Block, CEO of Sarine Technologies believes that AI will play a bigger role in the industry in the next few years

Armed with an MBA degree from the Kellogg-Recanati School of Business, and a Bachelor's degree in Computer Science from the Tel Aviv-Jaffo Academic College in Israel, David Block is the present CEO of Sarine Technologies, a worldwide leader in the...

10 march 2020

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