“With technology all information is immutable and Blockchain cannot be compromised,” reassures Erik Jens, CEO, LuxuryFintech

When Erik A Jens quit ABN AMRO as global CEO of its diamond and jewellery client division, he started his movement called LuxuryFintech, which provides services such as commercial and corporate banking solutions for the art and jewelry sector, and asset-backed...

Yesterday

Diamonds across time

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told...

18 january 2021

Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

Lucara conducts diamond tender in Antwerp

18 june 2020
news_18062020_lucara.png
Image credit: Lucara Diamond


Lucara Diamond is currently conducting an auction of its diamonds from the Karowe mine, in Botswana, according to a notice by the Bonas Group.
The auction, which is taking place in Antwerp, Belgium closes today (18 June).
The company announced last month that the government of Botswana had temporarily granted it permission to conduct sales in Antwerp.
It then rescheduled its second quarter tender which was originally scheduled to close mid-May in Gaborone to Antwerp.
Despite the challenges presented by the COVID-19 pandemic, 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.
The global travel restrictions put in place to curb the spreading of Covid-19, has seriously affected diamond sales.
However, major diamond trading centres such as Antwerp and Dubai have since opened their trading floors.
Lucara realised revenue of $34.1 million from the sale of 86,178 carats in the first quarter of 2020, which was 10% lower 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.  

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