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...

16 april 2024

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

Large, high-quality stones show resilience as Lucapa’s Lulo earns $15.7 mln at Luanda tender

16 october 2023

Lucapa Diamond, along with its partners Endiama and Rosas & Petals, generated $15.7 million from the sale of seven diamonds at a successful exceptional stone tender organised by Sodiam E.P. in Luanda, Angola.

A total of 534.9 carats were sold at the tender, attaining an average price per carat of $29,401.

“This tender demonstrates that the weakness being experienced currently in the smaller goods which go into the mainstream diamond jewellery market does not seem to have translated into the large, high-quality stones, where demand and prices remain robust,” said Lucapa chief executive Nick Selby.

The diamond miner said of the seven exceptional diamonds sold, the 180-carat Type IIa white diamond that was recovered on June 30, 2023, and a 66-carat pink diamond fetched the highest prices per stone.

It could not provide the prices realised from the two stones.

Other high-value diamonds included in the Lulo parcel were 10-carat pink and white diamonds weighing 96 carats and 77 carats, as well as two weighing 51 carats each.

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