Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

Yesterday

Today’s customer needs an offer of something unique that others do not have

Oksana Senatorova is the publisher of the Jewelry Trade Navigator magazine and the founder of the Jewellery Business Academy.
She graduated from I. M. Sechenov Medical Academy and the Faculty of Psychology of Lomonosov Moscow State University...

09 january 2020

Inventories accumulated by De Beers, ALROSA to put ceiling on prices near-term even if demand substantially picks up – Zimnisky

As we are in the last month of 2019, it is prudent to examine what the diamond industry went through and the possible trajectory in the upcoming year. Industry expert, Paul Zimnisky spoke with Rough & Polished’s Mathew Nyaungwa to discuss this and other...

30 december 2019

Empowering customers and engaging more with our stakeholders is the new Mission

The unassuming Govindbhai Laljibhai Dholakia, Chairman, Shree Ramkrishna Exports Pvt Ltd (SRK) is not just an ace businessman but a noted philanthropist. He has contributed immensely to social welfare with special focus on education … a noteworthy...

23 december 2019

‘Dubai has proven to be a great port for diamond tenders’

Stargems, which was established by Shailesh Javeri in 1981, has been involved in the trading of rough diamonds and is now also into manufacturing, wholesaling, retailing, tendering of diamonds and diamond jewellery. Although, the company has operations...

16 december 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