De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Belgian-quality diamond boiling in Dubai from TRIGEM

Born in New York, David Zabinsky is CEO & Co-Founder of TRIGEM, an independent diamond service provider in Dubai. Before TRIGEM, David was Manager at Ras Al Khaimah Economic Zone, where he was responsible for securing North and South American investment...

05 november 2019

Pavel Shelkov: "Our project is an attempt to fit Russia into the global trend and create a new private company in the diamond industry"

At the end of September, Moscow hosted the Second Annual Conference, "Gold and Diamond Mining Companies of Russia and Europe." The audience showed great interest to the presentation made by diamond geologist Pavel Shelkov of Almazy Zapolyarya...

28 october 2019

The team that turns sleeping stones into beautiful polished diamonds

Maxim Zemlyakov is the Director General of ADMS OOO, a company cutting and polishing natural and synthetic diamonds in Oryol. He has been the Director General of Oryol-ALROSA since 2007. Before heading it, he worked as a grinder, cutter, instructor...

21 october 2019

Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Lucapa upbeat despite global headwinds in the diamond sector

24 october 2019

news_02072018_lucapa.pngLucapa Diamond has achieved year to date to September sales of $38.2 million, with a further $10.4 million in sales already booked post quarter-end from its 70%-owned Mothae mine, in Lesotho and 40%-owned Lulo mine, in Angola against a backdrop of challenging global diamond market conditions.
It said total sales in 2019 were achieved at an overall average price of $1,249 per carat.
Year to date to September quarter output was 35,113 carats from both mines.
Mothae recovered 7,007 carats in the third financial quarter, which was 30% ahead of plan, while Sociedade Mineira Do Lulo (SML) produced 7,603 carats during the same quarter, a 67% increase over the previous corresponding period.
This was primarily due to an 88% 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.
“Our continued focus on operational and productivity improvements and reductions in operating costs at Mothae and Lulo have enabled Lucapa to deliver robust results, including record production of premium-quality diamonds, in the face of global headwinds in the diamond sector,” said company managing director Stephen Wetherall.
“The decline in global rough diamond demand throughout 2019 brought about by factors including macroeconomic uncertainty, rising inventories and liquidity issues in the midstream has impacted the revenues of all diamond producers and industry sentiment.”

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