Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

Yesterday

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...

20 january 2020

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

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