GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 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