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 rakes in $5.6mln from Mothae diamond sale

12 january 2021
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Image credit: Lucapa Diamond


Lucapa Diamond has sold a parcel of 4,676 carats of rough diamonds from its 70%-owned Mothae mine in Lesotho for $5.6 million or $1,198 per carat.
This, it said, is the highest average USD per carat price achieved by Mothae on the sale of any run of mine production parcel.
The sale included a 101 carat D colour diamond recovered following re-opening of the mine in the fourth quarter of 2020, which is the most valuable diamond recovered to date at Mothae.
“Following a tough 2020, where both of our mines were impacted by the pandemic, our valued teams have shown their resilience and operations have bounced back strongly,” said Lucapa managing director Stephen Wetherall.
“The good recoveries at both mines and growing demand leading to strengthening diamond prices has seen a strong start to 2021.”
He said Lucapa would further receive value following implementation of the cutting and polishing partnership.

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