GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Lucara Q1 revenue slides due to variability in quality of stones, lower prices

13 may 2020

Lucara Diamonds has realised revenue of $34.1 million from the sale of 86,178 carats in the first quarter of 2020, inclusive of all diamonds sold on Clara.
It said the average price per carat sold was $396 per carat yielding an operating margin of $195 per carat.  

       Image credit: Lucara Diamond

Lucara said the number of carats sold in the first quarter of 2020 eased by 10% compared to 95,053 carats sold for $48.7 million carats or $512 per carat, a year earlier.
The decrease in the average price per carat sold and in total revenue achieved in the first quarter of 2020 was due to a combination of variability in quality of the stones available for sale along with lower achieved prices similar to those realised in mid-2019.
The company also recovered 91,536 carats from the Karowe mine in the first quarter of 2020 compared to 132,336 carats, a year earlier.
Meanwhile, Lucara said a recovery in the pricing environment for both polished and rough diamonds which began in late-2019 has been severely impacted by the COVID-19 pandemic and as a result, several large and small diamond producers have placed their operations on care and maintenance and deferred or cancelled regularly scheduled sales.
Despite the challenges presented by the COVID-19 pandemic, as at May 7, 2020 the Karowe Mine continues to operate at full production levels, with social distancing and other critical health and safety measures designed to limit the spread of the virus being observed, it said.
The government of Botswana had also temporarily granted Lucara permission to conduct sales in Antwerp, Belgium and the second quarter tender which was originally scheduled to close mid-May in Gaborone is expected to be rescheduled and will be held in Antwerp, as soon as market conditions permit.

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