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 realises $2.3 mln from Lulo diamonds sale

22 september 2020
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Image credit: Lucapa Diamond


Lucapa Diamond has raked in $2.3 million (A$3.2-million) from the sale of diamonds from its 40%-owned Lulo alluvial mine, in Angola.
The ASX-listed diamond junior said it sold 477 carats of Lulo diamonds at an average price of $663 per carat
Sales for the year to date reached $15.7 million from 12,266 carats sold at an average price of $1,283 per carat.
“Although the average diamond size in this sale parcel was smaller than average, the encouraging signals being seen in the industry currently have led to upward price movements across a number of diamond categories,” said Lucapa managing director Stephen Wetherall. “That, together with the record recoveries from the Ieziria areas, suggest Lulo should have a much improved second half of 2020.”
Lucapa and its partners resumed scaled operations at Lulo last May following the COVID-19-related lockdown.

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