Gold brings stability, acts as insurance, and generates higher risk-adjusted returns especially in times of heightened uncertainty

Somasundaram PR (Som) joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. Som has over 27 years of...

12 april 2021

Flun Gumerov - “I think that a diamond is a unique gift from nature. A synthetic diamond is a man-made imitation of the gift of nature”

Flun Gumerov, Chairman of the Council of the “Jewellers Guild of Russia” Association and the founder of Almaz-Holding, told Rough&Polished about what is new in the legislation relating to the jewellery production and trade, about the sentiments at the...

05 april 2021

Lucapa narrows kimberlites search

Lucapa Diamond and its Lulo partners have been for close to a decade searching for the kimberlite source or sources of alluvial diamonds being recovered from within the Lulo diamond concession, in Angola. The company believes that the frequent recovery...

29 march 2021

Shashikant D Shah: “Mined diamonds and LGDs are separate categories”

Armed with a commerce degree, Shashikant D Shah entered the diamond trade by opening a diamond Jewellery Showroom exclusively for Nakshatra and Asmi brands in 2003 and has not looked back since. DM Gems came into being in 2003 with Shashikant as Founder/Owner...

22 march 2021

Andre Messika: “The natural diamond industry today is one of the most transparent, regulated, and ethical industries in the world”

Andre Messika, a Paris-based topnotch distributor of polished diamonds migrated to Israel in 2003, to establish Andre Messika Diamonds in the Israel Diamond Exchange in Ramat Gan …and has not looked back since. In 2012, in recognition of the continuous...

15 march 2021

Lucapa recovers another +100 carat diamond at Lulo

06 april 2021
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Image credit: Lucapa Diamond

Lucapa Diamond has recovered a 144-carat type IIa D-colour diamond from Mining Block 08 at its 40%-owned Lulo alluvial mine, in Angola.
It said the latest recovery was the sixth +100 carat diamond unearthed so far this year and 23rd +100 carat stone recovered at Lulo since exploration and mining operations began.
"With these +100 carat recoveries and the two Special pink diamonds in inventory, [Lulo] is well-positioned to achieve record diamond revenues for the first half of 2021," said Lucapa managing director Stephen Wetherall.
The Lulo mine had been mining commercially since 2015 and it is one of the highest average US$ per carat alluvial diamond producers in the world. 
Lucapa and its Lulo joint venture partners have also achieved highly encouraging results from their search to discover the primary hard-rock source of the high-value Lulo alluvial diamonds.

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