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

Lucara mulls care and maintenance for Mothae, earns $1.51 mln from diamond sale

19 september 2012

Lucara Diamond, which completed a trial mining programme at its Mothae project, said it now awaits the consent of the government of Lesotho to place the processing facility on care and maintenance.
This, it said, would help the company work towards completing a Preliminary Economic Assessment (PEA) of the project.
The PEA, together with a NI43-101 compliant Independent Technical Report, was expected to be completed in the first quarter of 2013. 
“The completion of the trial mining programme at Mothae marks a significant milestone in the project’s development,” said Lucara chief executive William Lamb.
Meanwhile, Lucara said it sold 4,657 carats of Mothae diamonds last week for gross proceeds of $1.51 million, yielding an average price per carat of $324.  
It said that the diamond sale consisted of 32 sales parcels of which 26 were sold on a sealed tender in Antwerp. 
The highest value stone sold was a 9.74 carat Type IIA diamond, which achieved a price of $272,720 or $28,000 per carat.
Lamb said Lucara had now sold in excess of 20,000 carats of Mothae diamonds, the results of which would form a solid foundation for revenue modeling in their economic evaluation of the project.

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