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It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

IIDGR’s proprietary technology gives polished diamonds unique identity

The International Institute of Diamond Grading & Research (IIDGR), a unit of the global diamond giant, De Beers, grades natural stones and is also using its proprietary inscription technology to inscribe a unique identification on tables of each...

07 november 2017

In future, only those who offer innovative designs will survive

A science graduate from Madras University, Srinivasan's one-man venture with just 10 employees launched in 1984 has now grown into the present Emerald Group, in about 3 plus decades. The Group from Southern India is one of the largest jewellery manufacturing...

30 october 2017

Conditions are still very difficult - Ernie Blom

Ernie Blom, the President of the World Federation of Diamond Bourses (WFDB) for the third term, has served on a range of industry bodies as an executive as well as chairman for many years, including Chairman, Diamond Dealers Club of South Africa...

23 october 2017

Pavel Vinikhin: ALROSA will make a worthy contribution to the revival of the ‘Russian Cut’ Brand

ALROSA is known as the largest diamond mining company throughout the world. However, not everyone is aware that it has its own diamond-cutting division. For a long time, the activity of DIAMONDS ALROSA remained in the shadows, only occasionally attracting...

16 october 2017

Lucapa says Lulo’s $4 million capital loan repatriation completed

14 september 2017
Lucapa Diamond Company said the repatriation of a $4 million capital loan repayment made from the Lulo alluvial diamond operations in Angola has been completed.
The capital loan repayment was in addition to its $1.6 million pro-rata (40 percent) share of the distribution declared to the Lulo partners.
The other Lulo partners were Angolan state-diamond owned company, Endiama and Rosas & Petalas.
“While the loan repayments are repatriated, Lucapa will continue to use its share of the distributions to fund the Lulo kimberlite exploration programme,” it said.
Lulo produced the highest dollar per carat price of any run of mine diamond production in the world in 2016 and continues to produce some of the largest diamonds on record from that region.
Lucapa and its Lulo partners were well-advanced in their search for the primary source of these large and premium-value alluvial diamonds, with three rigs now available to drill priority kimberlite targets.

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

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