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

Lucara engages Louis Vuitton, HB Antwerp to cut and polish 549ct white gem diamond Sethunya

06 november 2020
Image credit: Louis Vuitton

Lucara Diamond has agreed with Louis Vuitton and HB Antwerp to cut and polish the exceptional 549-carat white gem diamond also known as Sethunya meaning flower in Setswana. 
Sethunya was recovered unbroken from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe of Lucara's wholly owned Karowe Mine in Botswana last February.
Lucara said the agreement builds on the collaboration, announced in January, with Louis Vuitton and HB on the historic 1,758 carats Sewelô, Botswana's largest diamond, also recovered from Karowe last year. 
"We are extremely pleased to be building on the groundbreaking partnership established for the manufacturing of the Sewelô earlier this year, bringing together the manufacturing and supply chain expertise of HB Antwerp in collaboration with the world's leading luxury brand, Louis Vuitton, to transform Sethunya…into an extraordinary, bespoke, polished diamond collection, catering exclusively to the desires of Louis Vuitton's global customer base," said Lucara chief executive Eira Thomas.
Under the arrangement, the parties will collaborate and plan the creation of the highest value polished diamonds from the 549-carat rough, which will be made available to Louis Vuitton exclusively. 
Lucara will be paid a purchase price based on the estimated polished outcome, determined by HB's state of the art scanning and planning technologies, with a true-up paid on the actual achieved polished sales thereafter, less a fee and the cost of manufacturing. 
Lucara will receive the purchase price based on the polished outcome no later than the fourth quarter of 2021.

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