Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Today

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

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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...

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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...

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There is a significant need for smart and technological financial solutions in the diamond industry

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30 august 2021

Lucara accrues $13.4 mln from Karowe diamond sale

12 september 2012

Lucara Diamond said it accrued $13.4 million from the Karowe diamond sale, which completed on September 10.   
It said in a statement emailed to Rough&Polished that a total of 48 lots were put up for sale containing 52,231 carats of diamonds from the Botswana mine.
All lots were sold, including the 741 carats withheld from the previous sale for an average price of $257 per carat.
The highest value stone sold was a 16.44 carat diamond which sold for $460,484 or $28,010 per carat.  
“We are pleased with the results of the third sale of Karowe diamonds,” said Lucara chief executive William Lamb.
“The excellent value obtained confirms the high quality of the Karowe production. This is especially significant in the current depressed state of the rough diamond market.”
Lucara had also decided to hold fewer sales of larger sales volumes over the remainder of the year to ensure consistency of sale parcels.
Meanwhile, the diamond junior said that it expected carat production at Karowe to meet or exceed the 270,000 carats target set for the year.

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