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 reports record annual group output

09 january 2020

lucapa_logo.pngLucapa Diamond, which has operations in Angola and Lesotho, produced 14,007 carats for the three months to December 2019.
The Mothae operation, in Lesotho produced 9,837 carats during the quarter, while the Lulo mine, in Angola recorded an output of 4,170 carats.
Lucapa said the record results for the quarter contributed to record annual group production of 49,120 carats and combined sales of $55 million from the Mothae kimberlite mine and the Lulo alluvial mine in 2019.
“Mothae and Lulo continued to underline their status as niche large stone producers during the quarter, producing a total of 287 +4.8 carat diamonds for a combined 2019 total of 1,164,” it said.
“This included a combined total of five +100 carat diamonds.”
Lucapa said it continued to drive production and operational efficiencies at the Mothae and Lulo mines during the December quarter to counter the decline in global rough diamond demand, which has impacted prices and revenues for diamond producers.
Although 2019 was a challenging year for diamond producers in respect of sales prices, the year ended on a more positive note with a turnaround in mid-stream demand and prices.

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