Chris Del Gatto: “We provide capital to smart companies”

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a...

26 october 2020

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production...

19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020

Lucapa steams ahead with search for source of Lulo alluvial diamonds

27 march 2020

Lucapa Diamond is steaming ahead with its search for the hard-rock origin of the high-value alluvial diamonds being mined at its 40%-owned Lulo project, in Angola.
Lucapa and its partners, Endiama and Rosas & Petalas, believe they may be able to find the upstream source of the diamonds and mine them directly. 

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Image credit: Lucapa Diamond

They commenced a drilling programme in the Canguige catchment area targeting five kimberlite pipes considered prospective to host diamonds, along with two additional priority anomalies.
The Canguige catchment is upstream of the Cacuilo River valley, where Lucapa and its partners have, for several years, been mining some of the world’s highest-value and quality alluvial diamonds.
Lucapa is convinced that there is a high probability that the Canguige catchment is the source of the precious gems. 
A sample taken from the Canguige stream yielded 45 diamonds, which comprised of rare Type IIa gems and top D-colours as well as a light fancy yellow.
These diamond recoveries confirmed the Canguige catchment area contains at least one diamond-bearing kimberlite pipe contributing to the alluvial diamonds eroded downstream into the Cacuilo River valley.

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