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

Botswana wants to fully participate in research and development led by De Beers

Although the government of Botswana has refused to review its latest demands from the ongoing negotiations for a new sales and marketing deal with De Beers, it has indicated its desire to fully participate in research and development led by the diamond...

02 march 2020

Mothae mine exceeds first-year production targets – Lucapa

31 january 2020

lucapa_logo.pngLucapa’s 70%-owned Mothae kimberlite mine, in Lesotho recorded quarterly production of 9,834 carats in the December 2019 quarter, taking its full year output to 30,107 carats in its first year of production, which was 45% ahead of plan. 
The ASX-listed company said the new plant at Mothae regularly operated above its 1.1Mtpa nameplate capacity in its first year of operation. 
Lucapa said there is further scope to optimise plant throughput and thus increase carat production in 2020.
“It was particularly pleasing to see our new Mothae mine exceed its first-year production targets by such a healthy margin…,” said Lucapa managing director Stephen Wetherall.

news_31012020_mothae.png
Image credit: Lucapa
  
Mothae’s production mix for the quarter included a record 167 diamonds +4.8 carats in weight, including 46 specials and two +100 carat diamonds. 
Lucapa said a total of 11,888 carats of Mothae diamonds were sold at tender during the quarter for gross sale proceeds of $7.1 million.
This took total sales concluded in 2019 to $16.5 million at an average price per carat of $575. 
Mothae had a diamond inventory of 4,284 carats at the end of the quarter. 

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