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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Lucapa posts strong H1 results

14 september 2021
Lucapa Diamond has posted attributable cash operating margin (EBITDA) of $10.3 million on the back of record revenues for the six months ended 30 June 2021.
The company’s revenue from the Mothae and Lulo mines rose by 297% to $27 million.
Lulo recorded revenue of $15.5 million while Mothae posted $11.5 million.
Lucapa’s combined output for the first half of the year also jumped 88% to 14,890 carats.
Of this total output, Mothae contributed   10,408 carats while Lulo produced 4,482 carats.
“Our cost control and preservation strategy initiated in response to the COVID pandemic last year, set Lucapa up well to capture the resurgence in the diamond market and achieve record financial results in the first half of this year,” said Lucapa managing director Stephen Wetherall.
“Our strong first-half performance is a credit to our operational teams and partners who have worked hard to position the operations to achieve these results.”
He said the company will continue to build on this into the second half of the year as it strives to achieve the upper-end of the company’s cash operating market guidance of A$17-21 million for the full year.

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