Is it worth buying a diamond ring?

Today, the internet provides a piece of free-flowing information to everyone worldwide. Keeping the prices of any product secret is near to impossible. Social media and consumer feedbacks are challenging for a company to set prices on their own. The...


New Angolan diamond marketing policy helps lift rough prices – Wetherall

The Angolan administration of President João Lourenço introduced technical regulations for its new diamond marketing policy in 2018 whose objective was to improve the attractiveness and competitiveness of the national diamond industry and grow outside...

17 january 2022

LGDs will continue to be an option for consumers, from the high-quality bridal market to the fashion market

Richard Garard is a founding member of the International Grown Diamond Association, which was established in 2016.  He serves on the Executive Committee of IGDA as President and Secretary General. IGDA was created to represent, promote and...

10 january 2022

Everything is design and design is everything

Born in the Basra pearls family, the first private jewelers to royal families, Ashraf Motiwala is the fourth generation to carry forward the legacy of A S Motiwala. Spearheading the prestigious family legacy, Ashraf Motiwala felt the need to breathe...

03 january 2022

Typical Jeweller is the initiative to promote the Russian jewellery industry

Typical Jeweller is one of the largest websites on the Russian Internet for the new generation jewellers. The total audience, including social media, is over 100,000 people per month. Every day, the latest news from the jewellery industry, educational...

27 december 2021

Lucara revises FY 2022 revenue, sales, production guidance upwards

26 november 2021
Lucara Diamond which owns the Karowe mine in Botswana has revised its guidance on diamond revenue for the full year 2022 from $185 million to $215 million.
Company chief executive Eira Thomas said the revenue forecast assumes that 100% of the carats recovered will come from the higher value M/PK (S) and EM/PK(S) units within the South Lobe following the mine plan.
Lucara also revised guidance on diamonds recovered and sales from 300 000 carats to 340 000 carats respectively.
“The company will continue to use three different sales channels to maximize revenue and generate consistent cash flow to support the company’s operations and its investment in the underground expansion project,” she said.
“Higher value stones greater than +10.8 carats in size will continue to enter the manufacturing pipeline at HB, giving the company exposure to polished prices and regular cash flow from the highest value portion of the Karowe production.”
Meanwhile, Thomas said the business environment for diamonds and diamond jewellery is the healthiest they have seen several years buoyed by an improvement in global supply and demand fundamentals.
She said the estimations do not include contributions of revenue from large exceptional diamonds that have historically formed a regular part of Karowe’s production profile.

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