Lucapa Diamond reported that in August of diamond mining on the project Lulo (Lulo) in Angola has reached 2882 carats. This month's index was in second place for the company in terms of production.
Among the extracted stones - diamonds 39 "special" sizes up to 80.5 carats.
As noted in Lucapa, thanks to recent investment in earthmoving equipment in August Lulo achieved record monthly volume of rock processed into 22,870 cubic meters. In July, the company processed 21,114 cubic meters of ore.
In addition, in August, the company was able to extract more fancy diamonds, including pink and yellow stones.
The average rate in August diamond content in the rock was 12.6 carats per 100 cubic meters, and the average size of the stones reached 1.7 carats.
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The Association of Chambers of Commerce of India (ASSOCHAM) urged the Indian government to grant the industry status to the gem and jewelry sector in that country, and proposed seven steps to support the weaker exports of these products.
According to a study titled "The Gem and Jewelry Industry: A Contribution to the Do-It-India Concept," conducted by Assocham in conjunction with the Thought Arbitrage Research Institute (TARI), "These steps will lead to a multiple increase in support effectiveness and will increase the demand for precious stones And jewelry, which will have a positive impact on production, employment, value added and the collection of indirect taxes. "
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The precious stones and jewelery sector may fall by 15% amid a sharp economic downturn in the main export markets of China and the euro area, "said DS Rawat, secretary general of Assocham, adding that giving the jewelry sector of India status industry could lead to higher investment and lower operating costs of enterprises. The study Assocham and TARI also offers innovations such as the modernization of labor law requirements in more export-oriented economic zones, Creating Gold Council, access to better financing, mitigate certain tax legislation, isolating investment and consumer demand. The study also proposed to establish a system of "golden tourism" In some key regions, an emphasis on which could help in rebuilding the precious stones and jewelery sector in India.
The study also notes that young professionals avoid working in the jewelry industry and move on to other, more profitable industries and the manufacturing sector. Also, probably, the average salary in the sector of precious stones and jewelry is the lowest among all types of Indian industry.
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