Diamonds across time

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told...

Yesterday

Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

‘We expect to completely open the Bourse for business by Q1 of the Year 2022,’ assures Vallabhbhai Patel, Chairman, SDB

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine...

21 december 2020

Lucapa rakes in $5.6mln from Mothae diamond sale

12 january 2021
news_12012021_lucapa.png
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