Lucapa Finds 3 More Special Diamonds at Mothae Mine

Just a week after unearthing an 11.88 carat diamond, Lucapa Diamond Company has recovered more “special” diamonds from its Mothae mine, including a 28-carat stone and two light pink diamonds.

Special diamonds, a term the company uses to describe any diamond over 10.8 carats, have been abundant at Mothae in recent weeks.

The company is currently conducting ongoing bulk sampling, and recent results have included an 89 carat yellow stone from Mothae’s South East zone, a 25 carat yellow gem from the Neck zone and a 12-carat white diamond from the North zone.

The bulk sampling at the site is happening alongside construction of a new 150-tonne-per-hour commercial diamond plant, which is on schedule to be commissioned in H2 2018.

Lucapa Managing Director Stephen Wetherall has previously discussed the company’s bulk-sampling program, describing the prior lack of exploration at the site.

“Certain areas of the kimberlite pipe which hadn’t historically been sampled (Neck zone), or where there had been very limited historical testing (South-East and North zones), were thought to be underestimated as a result. At the time of acquisition, we believed there was much upside here and this program is designed to deliver that upside,” Wetherall said.

Wetherall also touched on the commercial diamond plant’s construction, and how the successful recovery results have given the company optimism for the road ahead.

“To have already recovered special sized diamonds from early sampling tonnages in all three of these areas gives us great confidence we can achieve this goal. It also adds to our excitement as we advance construction of our new 150 tph plant, which remains on track for commercial diamond production later this year,” he said.

The Mothae mine, located in Lesotho, South Africa, is a joint venture between Lucapa, which owns 70 percent, and the government of the Kingdom of Lesotho, which owns 30 percent.

Source: DCLA

Lucapa Finds 3 More Special Diamonds at Mothae Mine

Just a week after unearthing an 11.88 carat diamond, Lucapa Diamond Company has recovered more “special” diamonds from its Mothae mine, including a 28-carat stone and two light pink diamonds.

Special diamonds, a term the company uses to describe any diamond over 10.8 carats, have been abundant at Mothae in recent weeks.

The company is currently conducting ongoing bulk sampling, and recent results have included an 89 carat yellow stone from Mothae’s South East zone, a 25 carat yellow gem from the Neck zone and a 12-carat white diamond from the North zone.

The bulk sampling at the site is happening alongside construction of a new 150-tonne-per-hour commercial diamond plant, which is on schedule to be commissioned in H2 2018.

Lucapa Managing Director Stephen Wetherall has previously discussed the company’s bulk-sampling program, describing the prior lack of exploration at the site.

“Certain areas of the kimberlite pipe which hadn’t historically been sampled (Neck zone), or where there had been very limited historical testing (South-East and North zones), were thought to be underestimated as a result. At the time of acquisition, we believed there was much upside here and this program is designed to deliver that upside,” Wetherall said.

Wetherall also touched on the commercial diamond plant’s construction, and how the successful recovery results have given the company optimism for the road ahead.

“To have already recovered special sized diamonds from early sampling tonnages in all three of these areas gives us great confidence we can achieve this goal. It also adds to our excitement as we advance construction of our new 150 tph plant, which remains on track for commercial diamond production later this year,” he said.

The Mothae mine, located in Lesotho, South Africa, is a joint venture between Lucapa, which owns 70 percent, and the government of the Kingdom of Lesotho, which owns 30 percent.

Source: DCLA

Mouawad Group Buys 51.38 Carat Dynasty Diamond From ALROSA

The Mouawad Group has acquired the 51.38 carat Dynasty diamond, the central diamond in a collection offered for sale by ALROSA.

The total revenue from the sale of the Dynasty collection amounted to about $10 million.

Fred and Pascal Mouawad, co-guardians of the jewelry firm, said: “We’re very proud of this important acquisition. We will add it to our repertoire of historic diamonds.

 What attracted us to the Dynasty is not only its exceptional quality but the transparency of its history and the fact it’s the largest and most valuable diamond ever sold by ALROSA. It’s a rare gem with a remarkable record.”

ALROSA sold the Dynasty diamond at a public auction on its electronic trading platform on August 2. The miner said that the Dynasty stone, a traditional round brilliant-cut diamond, D color, VVS1 clarity was the best quality large diamond ever manufactured in Russia, and also the most expensive stone ever sold by ALROSA.

The Dynasty collection consisted of five diamonds manufactured from a 179-carat rough diamond. It took a year and a half to create the collection which was manufactured by the firm’s cutting and polishing division.

ALROSA held the first auction for the sale of the collection last November where four of the five stones were sold with final prices coming in at about 30% over reserve prices on average, the miner said.

Source: DCLA

Mouawad Group Buys 51.38 Carat Dynasty Diamond From ALROSA

The Mouawad Group has acquired the 51.38 carat Dynasty diamond, the central diamond in a collection offered for sale by ALROSA.

The total revenue from the sale of the Dynasty collection amounted to about $10 million.

Fred and Pascal Mouawad, co-guardians of the jewelry firm, said: “We’re very proud of this important acquisition. We will add it to our repertoire of historic diamonds.

 What attracted us to the Dynasty is not only its exceptional quality but the transparency of its history and the fact it’s the largest and most valuable diamond ever sold by ALROSA. It’s a rare gem with a remarkable record.”

ALROSA sold the Dynasty diamond at a public auction on its electronic trading platform on August 2. The miner said that the Dynasty stone, a traditional round brilliant-cut diamond, D color, VVS1 clarity was the best quality large diamond ever manufactured in Russia, and also the most expensive stone ever sold by ALROSA.

The Dynasty collection consisted of five diamonds manufactured from a 179-carat rough diamond. It took a year and a half to create the collection which was manufactured by the firm’s cutting and polishing division.

ALROSA held the first auction for the sale of the collection last November where four of the five stones were sold with final prices coming in at about 30% over reserve prices on average, the miner said.

Source: DCLA

Rich Dad Poor Dad author Robert Kiyosaki warns ‘biggest crash’ is coming

THE man who wrote one of the top finance books of all time has now warned we could be heading for the “biggest crash in world history”.
 

THE man who wrote one of the top personal finance books of all time has warned we could be heading for the “biggest crash in world history”.

Robert Kiyosaki, author of the 1997 bestseller Rich Dad Poor Dad and “self-proclaimed troublemaker”, has a simple piece of advice to protect yourself — buy gold.
“All markets boom and bust, it’s just life,” said Kiyosaki, who will be in Australia later this month to headline the Wealth Masters Tour in Sydney, Brisbane and Melbourne.
“Unfortunately we had a big crash in 2000, they called it the dotcom crash, then in 2008 it was the subprime real estate crash. The next is going to be the biggest of all. When it’s coming I don’t really know, but the foreshocks are sounding right now.”
Kiyosaki blamed the US Federal Reserve’s money printing policies, known as quantitative easing, for inflating the bubble. “In Australia they always say when America sneezes, Australia passes out,” he said.

“I’ve always been a gold bug. My latest book coming out is called Fake. There’s so much fake money. In 1971 Nixon took the dollar off the gold standard and the US dollar became fake money.
“The problem is it also became invisible, so they could print as much as they wanted. That’s why savers got wiped out. So for the average person, just buy some Aussie gold or silver coins from the Perth Mint. When the dollar goes down, gold goes up.”
Apart from that, “you need some kind of education” to make more money, he said.
Kiyosaki said not much had changed in the two decades since he wrote Rich Dad Poor Dad, which advocated for greater financial education.
“Absolutely not,” he said. “We still don’t teach financial education in schools. They teach economics, but they don’t really teach much beyond that. The positioning title of Rich Dad Poor Dad was what the rich teach their kids about money — it’s not, ‘Go to school and save money.’”
Kiyosaki said he had now taught in a number of schools and it was “shocking and disappointing”. “The students can only learn from the teacher, and the teacher doesn’t know much,” he said.
“They’re just out of touch with the reality of the world outside of school. My concern is the number of youth unemployed is so high now because they’re not prepared for the world.”
He said there were three main things “schools kind of mess you up in”.
“In school they teach you not to make mistakes, that mistakes mean you’re stupid,” he said. “But we’re designed to learn by making mistakes, babies learn to walk by falling down.”
The second thing was “don’t ask for help because it’s cheating”. “My ‘poor dad’ tried to solve his financial problems all by himself,” he said. “I operate my personal life like a rugby team, the best accountants, bookkeepers, bankers.”
The third thing was “that school teaches you there’s only one right answer”. “In the real world you’ve got to find mutual right answers,” he said.
Kiyosaki, who has faced criticism over the years for various issues including his real estate investment advice, said he was still a fan of real estate.
“It’s like anything else, it’s only a good investment if you’re a good investor,” he said. “‘Is cooking good? Are you a good cook?’
“I don’t sell investments at all, I don’t recommend anything, but people come up to me and say, ‘Tell me what to do.’ I think that comes from school, they’re just waiting for the answer. I’ve always recommended people take courses and study.
“In 1973 I came back from Vietnam, went for my MBA and took a real estate course. I was making more money off my real estate course than my MBA. I love real estate, I’ve never lost money in real estate, simply because I study it.”
Kiyosaki also shares the unique distinction of being the only person to have co-authored two books with US President Donald Trump, and was a supporter or the Republican during the 2016 election.
The pair teamed up in 2006 for Why We Want You to Be Rich: Two Men, One Message after meeting through education company The Learning Annex, and in 2011 released a sequel titled Midas Touch: Why Some Entrepreneurs Get Rich — And Why Most Don’t.
“I share the cover with him — it’s kind of a liability,” he laughs. “You either love him or hate him, that’s about it. I always crack up. There’s no two Donald Trumps, he is what you see, whereas with Obama and many politicians, you don’t know which guy you’re talking to.
“Trump is just Trump. He’s a good man, but I think he opens his mouth, puts his foot in his mouth then tweets about it. As you know, there’s no news without Trump anymore. I turn on any US station, it’s either Trump said this or Trump said that.”
Kiyosaki said “we won’t know” if Trump’s presidency had been a success until the dust had settled. “He’s shaking everything up, that’s for sure,” he said.

Source:  news.com.au

Rich Dad Poor Dad author Robert Kiyosaki warns ‘biggest crash’ is coming

THE man who wrote one of the top finance books of all time has now warned we could be heading for the “biggest crash in world history”.
 

THE man who wrote one of the top personal finance books of all time has warned we could be heading for the “biggest crash in world history”.

Robert Kiyosaki, author of the 1997 bestseller Rich Dad Poor Dad and “self-proclaimed troublemaker”, has a simple piece of advice to protect yourself — buy gold.
“All markets boom and bust, it’s just life,” said Kiyosaki, who will be in Australia later this month to headline the Wealth Masters Tour in Sydney, Brisbane and Melbourne.
“Unfortunately we had a big crash in 2000, they called it the dotcom crash, then in 2008 it was the subprime real estate crash. The next is going to be the biggest of all. When it’s coming I don’t really know, but the foreshocks are sounding right now.”
Kiyosaki blamed the US Federal Reserve’s money printing policies, known as quantitative easing, for inflating the bubble. “In Australia they always say when America sneezes, Australia passes out,” he said.

“I’ve always been a gold bug. My latest book coming out is called Fake. There’s so much fake money. In 1971 Nixon took the dollar off the gold standard and the US dollar became fake money.
“The problem is it also became invisible, so they could print as much as they wanted. That’s why savers got wiped out. So for the average person, just buy some Aussie gold or silver coins from the Perth Mint. When the dollar goes down, gold goes up.”
Apart from that, “you need some kind of education” to make more money, he said.
Kiyosaki said not much had changed in the two decades since he wrote Rich Dad Poor Dad, which advocated for greater financial education.
“Absolutely not,” he said. “We still don’t teach financial education in schools. They teach economics, but they don’t really teach much beyond that. The positioning title of Rich Dad Poor Dad was what the rich teach their kids about money — it’s not, ‘Go to school and save money.’”
Kiyosaki said he had now taught in a number of schools and it was “shocking and disappointing”. “The students can only learn from the teacher, and the teacher doesn’t know much,” he said.
“They’re just out of touch with the reality of the world outside of school. My concern is the number of youth unemployed is so high now because they’re not prepared for the world.”
He said there were three main things “schools kind of mess you up in”.
“In school they teach you not to make mistakes, that mistakes mean you’re stupid,” he said. “But we’re designed to learn by making mistakes, babies learn to walk by falling down.”
The second thing was “don’t ask for help because it’s cheating”. “My ‘poor dad’ tried to solve his financial problems all by himself,” he said. “I operate my personal life like a rugby team, the best accountants, bookkeepers, bankers.”
The third thing was “that school teaches you there’s only one right answer”. “In the real world you’ve got to find mutual right answers,” he said.
Kiyosaki, who has faced criticism over the years for various issues including his real estate investment advice, said he was still a fan of real estate.
“It’s like anything else, it’s only a good investment if you’re a good investor,” he said. “‘Is cooking good? Are you a good cook?’
“I don’t sell investments at all, I don’t recommend anything, but people come up to me and say, ‘Tell me what to do.’ I think that comes from school, they’re just waiting for the answer. I’ve always recommended people take courses and study.
“In 1973 I came back from Vietnam, went for my MBA and took a real estate course. I was making more money off my real estate course than my MBA. I love real estate, I’ve never lost money in real estate, simply because I study it.”
Kiyosaki also shares the unique distinction of being the only person to have co-authored two books with US President Donald Trump, and was a supporter or the Republican during the 2016 election.
The pair teamed up in 2006 for Why We Want You to Be Rich: Two Men, One Message after meeting through education company The Learning Annex, and in 2011 released a sequel titled Midas Touch: Why Some Entrepreneurs Get Rich — And Why Most Don’t.
“I share the cover with him — it’s kind of a liability,” he laughs. “You either love him or hate him, that’s about it. I always crack up. There’s no two Donald Trumps, he is what you see, whereas with Obama and many politicians, you don’t know which guy you’re talking to.
“Trump is just Trump. He’s a good man, but I think he opens his mouth, puts his foot in his mouth then tweets about it. As you know, there’s no news without Trump anymore. I turn on any US station, it’s either Trump said this or Trump said that.”
Kiyosaki said “we won’t know” if Trump’s presidency had been a success until the dust had settled. “He’s shaking everything up, that’s for sure,” he said.

Source:  news.com.au

Blue diamonds may be blue because of where they are formed

Blue Diamonds are the world’s most expensive diamonds,  some stones worth tens of millions.

Why they are blue has long been know, But until now nobody has known how rare blue diamonds are made or where they come from.

Now scientists have discovered that they are formed 400 miles below the surface of the Earth, around four times the depth of cape series or white diamonds.

This is where the element boron can combine with carbon in such extreme pressure and heat that it crystallizes into the world’s most precious stone.

And because boron is mostly found on the Earth’s surface, scientists believe that it must have traveled down into the mantle when tectonic plates slipped beneath each other.

 Eventually volcanic action brought the diamonds up closer to the surface.

Blue Diamond is categorized as type IIb crystal and due to their extreme valuable, it is very rare to find one for scientific research purposes. An rare to find one that contains inclusions.

Source: DCLA