Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry 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...


WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

Angola’s SML to receive $4m under partnership with Safdico

25 march 2020

lucapa_logo.pngLucapa Diamond says Lulo alluvial mining company, Sociedade Mineira Do Lulo (SML) is set to receive $4 million under the partnership agreement with diamond manufacturer Safdico, a subsidiary of Graff International. 
This will comprise of $1.5 million payment in respect of SML’s share of profits from the cutting and polishing or sale of run of mine Lulo diamonds sold to Safdico in 2019 under the partnership agreement as well as $2.5 million payment for the purchase of the Lulo 46 carat pink rough diamond. 
Lucapa, which has a 40% stake in SML said the firm will retain a share in the margins generated from the resultant sale of diamonds polished from the pink stone.

                            The 46-carat pink diamond from Lulo                                    Image credit: Lucapa

Under the partnership agreement, SML would be paid up front for the rough market value  of the Lulo diamonds sold to Safdico, with both companies sharing in the resultant margins generated. 
Safdico, as a preferred buyer of SML, can purchase up to 60% of Lulo’s annual rough production as is permitted under Angola’s transformative new diamond marketing regulations. 

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