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 makes quarterly production record at Lulo, Mothae

10 october 2019

news_02072018_lucapa.pngLucapa Diamond produced 14,610 carats during the September quarter from its 40%-owned Lulo alluvial mine, in Angola and 70%-owned Mothae kimberlite mine in Lesotho.
Of this combined output, 7,603 carats came from Lulo, representing a 67% increase over the previous corresponding 2018 quarter, while the remaining 7,007 carats were produced at Mothae, the highest quarterly result since commercial production commenced in January 2019.
“The results are in line with Lucapa’s strategy of expanding high-value diamond production to maximise revenue generation,” it said.
Lucapa said the strong production increase at Lulo was mainly due to a significant increase in the recovered diamond grade of 10.5 carats per 100 cubic metres as more material was processed from the new higher grade flood plain Mining Blocks 19 and 31.
Lulo and Mothae both continued to underline their status as large diamond producers during the quarter, producing a total of 432 +4.8 carat diamonds including 136 +10.8 carat diamonds.  

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