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

Star recovers over 2800 diamonds from third bulk sample trench

22 september 2020
Image credit: Star Diamond

Star Diamond has recovered 2,822 diamonds weighing 130.26 carats from the third bulk sample trench excavated on the Star Kimberlite at its Orion South diamond project, in Canada.
The third bulk sample initial results were part of 10 bulk sample trenches that were excavated by Rio Tinto Exploration Canada.
Star’s senior vice president exploration and development, George Read said the initial diamond results from 19FALCT004, 19FALCT001, and 19FALCT003 trenches continue to show grades similar to the previous underground bulk sampling and large diameter drilling completed on the Star Kimberlite between 2004 and 2009.
The results are also similar to the overall weighted average grade (14 cpht) reported in Star Diamond's Preliminary Economic Assessment of the Star and Orion South kimberlites.
Star said the three largest diamonds recovered to date from trench 19FALCT003 are 6.28, 1.95, and 1.49 carats, respectively.
“The 6.28 carat stone is a clivage fragment of a larger stone that was probably fragmented during the original kimberlite eruption as all surfaces of this stone have been resorbed by reaction with the kimberlite magma,” it said.

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