GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 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