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...

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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

Luaxe full-scale mining operations ‘expected soon’ – Alrosa Angola

26 november 2021
Full-scale mining operations at the Luaxe diamond project in the Eastern Lunda Sul province are “expected soon”, according to Alrosa.
Company director-general in Angola Alexander Gorlov told a diamond conference in Saurimo that they had completed exploration work at the project.
Work at the project is currently in the experimental production stage
An official from Endiama Ana Feijo told the same conference that they had invested $200 million in diamond exploration at the project, which covers 1,195 square kilometres.
Angola’s mineral resources and petroleum minister Diamantino Azevedo previously said they are committed to transforming the Luaxe deposit in 2022 into a structured and organised conventional mine with an output of about 5.7 million carats in 2023, which is more than half of the country’s 2020 output.
Angola produced about 8 million carats last year down from 9.4 million carats in 2019 due to the global COVID-19 pandemic.
Alrosa and Catoca discovered the Luaxe pipe in 2013. 
Catoca, in which Alrosa owns 41%, currently holds a 50.5% stake in Luaxe. Endiama and Alrosa each also hold another 8% in Luaxe.

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