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 delivers $1.1 mln H1 profit despite challenges

03 september 2019

news_02072018_lucapa.pngLucapa Diamond has recorded a consolidated net profit after tax of $1.1 million for the six months to June, compared with the $4.3-million loss, a year earlier.
It said the profit was achieved during a challenging period for many diamond miners globally, particularly those producing primarily lower-value goods. 
“The June half result has put Lucapa on track for a stronger performance in the second half of 2019 as mining at Mothae transitions to higher-margin diamond zones and the production expansion at Lulo is delivered,” said Lucapa.
The Lulo mine, in Angola produced 7,236 carats during the first half of the year, while the Mothae operation recovered 13,267 carats during the same period.
A total of 20, 504 carats were recovered from the two mines during the period under consideration, generating revenue of $29.4 million.

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