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Ali Pastorini: Selling just the idea of glamour is no longer enough

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 may 2018

Diamonds are shifting from occasional to daily wear

Joy Alukkas started his first jewellery showroom in UAE in the year 1987, and today the Joyalukkas Group is a multi-billion global conglomerate with varied business interests. Beginning with a single jewellery room in Abu Dhabi, Joy Alukkas has grown...

14 may 2018

GJC has played a crucial role in the last 10 years in improving the compliance level in the industry

Coming from a renowned family of jewellers based in Akola, Maharashtra, Nitin Khandelwal heads Khandelwal Jewellers (Akola) Pvt Ltd. He has interests in the Plastic industry, Real estate, Health & Recreation and Cold storage industries as well...

07 may 2018

Johnson: ASM diamond sector a potential new source of supply for De Beers

De Beers recently said that it is planning to pilot a programme called GemFair that will create a “secure and transparent route” to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds. GemFair would partner with the Diamond...

03 may 2018

Zimnisky: Hard to protect lab-diamond price as production methods, economics improve

Paul Zimnisky, an independent diamond industry analyst and consultant, said it will be very difficult for the lab-diamond manufactures to protect price as production processes and economics improve. He told Rough & Polished’s Mathew Nyaungwa in an exclusive...

23 april 2018

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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