High-tech trend is most promising for industries using diamonds

Synthesis Technology is a leading diamond producer in Russia. The company produces carbon single crystals - lab-grown diamonds and single-crystal wafers. The diamonds completely identical to natural ones are ‘grown’ at the laboratory using advanced HPHT...

25 february 2020

Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

17 february 2020

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 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