Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Lucapa CEO steps down

10 july 2023

Lucapa Diamond managing director and chief executive Stephen Wetherall is set to resign from his position at the end of July.

He will be replaced on an interim basis by Nick Selby, who had been an executive director of operations since September 2017.

"I have thrived on the challenges put to me by the board and shareholders, and together with our valued teams worked hard to build on our vision," said Wetherall.

"We have together navigated the company successfully through a difficult pandemic, repaid all the project interest-bearing debt, successfully delivered and expanded two mining operations now generating solid margins, positioned the company for growth with future production from Merlin and our kimberlite exploration programme at Lulo is at an advanced and exciting phase."

Lucapa said that it plans to retain Wetherall as an independent consultant on arm's-length commercial terms to continue to advance the company's diamond marketing and downstream operations.

He joined Lucapa in 2014 and helped the company grow and transform from a pure exploration company to an integrated multi-asset diamond group with niche high-value assets spanning exploration, mine development, and production, according to company chairperson Miles Kennedy.

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