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

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Mothae indicated diamond resource up 280% - Lucapa

19 october 2020
news_19102020_mothae.png
Image credit: Lucapa Diamond

Lucapa Diamond says its 70%-owned Mothae Mine, in Lesotho, has recorded a 280% increase in indicated diamond resource.
It said a total Joint Ore Reserves Committee (JORC) classified Indicated Resource increased by 6.8Mt to 9.2Mt (~280%).
It contained up to 280,000 carats of diamonds at a diamond grade of 3.10 carats per one hundred tonnes (cpht) and an average un-escalated modelled diamond value of $635 per carat.
Also, a total JORC classified Inferred Resource has been estimated for 39.4 million tonnes, containing up to 960,000 carats of diamonds at a diamond grade of 2.44 cpht and an average un-escalated modelled diamond value of $601 per carat. 
"The updated Mothae Resource is the result of significant work undertaken to increase the resource and classification at Mothae following almost 16 months of mining and treatment through the new commercial plant," said Lucapa managing director Stephen Wetherall.
"The increase in tonnes and carats, the classification of 9.2Mt or ~280,000 carats into indicated resource category at an estimated diamond value of $635 per carat strongly supports an expansion in production at Mothae that the partners are considering."
The 1.1Mtpa Mothae kimberlite mine commenced commercial mining and processing operations in January 2019.
It produced more than 30,000 carats in its first year of production, including three +100 carat diamonds.

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