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...

Yesterday

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 raises $2.8m to advance Lulo kimberlite exploration

04 march 2020

Lucapa Diamond has received applications for a $2.8 million share placement to advance the Lulo kimberlite exploration programme, in Angola as well as for general working capital and corporate purposes. 
The placement, it said, involves the issue of 25,8 million new shares an issue price of $0.11 per share to sophisticated and professional investors. 

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                      Image credit: Lucapa Diamond


The issue price represents a discount of approximately 13% to the volume weighted average price of Lucapa shares during the previous 30-day trading period.
The kimberlite exploration programme aims to discover the hard-rock primary source or sources of the high-value alluvial diamonds that Lucapa and its partners have been mining in the Cacuilo River valley for the past five years. 
Lucapa previously funded the kimberlite exploration programme from its share of distributions and loan repayments from Lulo alluvial mining company, Sociedade Mineira Do Lulo.
SML has self-funded a $12 million expansion of the alluvial mining operations in 2019 and the first quarter of 2020, reducing its available free cash to also declare dividends during this period. 

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