Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

Yesterday

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

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

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