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

Gem Diamonds unearths two large stones at Letšeng

22 september 2020
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                                Image credit: Gem Diamonds


Gem Diamonds has unearthed two large stones at its 70%-owned Letšeng mine, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.
The company said the first stone is an exceptional quality 166 carat Type II white diamond, while the second one is a high-quality 77-carat yellow diamond.
Both diamonds were recovered on the same day, it said.
The 166-carat diamond is the 12th +100 carat diamond recovered at Letšeng so far this year.
Gem recovered a high-quality 233-carat Type II white diamond from Letšeng mine early this month.
It also unearthed a high-quality 442 carat Type II diamond last month.

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