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Angola Sees Rise in Diamond Revenue
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Revenue from Angola’s national diamond-trading company,Sodiam, rose 3.9% year on year in the second quarter, with the government separately noting an increase in prices. Prices of Angola’s diamonds have increased since the implementation of the country’s...
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Mining
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Aug 12, 2019
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Rapaport News
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Global Diamond Production Value Rises
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Global rough-diamond output grew 2% to $14.47 billion lastyear, reflecting higher production in Botswana, according to data the KimberleyProcess (KP) released last week.The average price increased 4% to $97 per carat, outweighinga 2% decline in production volume to 148.4...
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Mining
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Jul 07, 2019
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Rapaport News
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Lucapa Closes In on Diamond ‘Mother Lode’
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Lucapa Diamond Company aims to pinpoint a huge source of rough diamonds at its Lulo mine in Angola within the next two years. The Australia-based miner has found high-quality stones at its alluvial deposit, including the...
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Mining
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May 27, 2019
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Rapaport News
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Lucapa’s Lulo Production Drops in 1Q
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Output at Lucapa Diamond Company’s Lulo mine in Angola fellin the first quarter, as it focused on processing ore from lower-grade miningareas. Production declined 25% to 3,369 carats, compared with 4,507carats the previous year, the miner...
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Mining
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Apr 15, 2019
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Rapaport News
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Alrosa, Endiama Aim to Develop Angola Industry
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Alrosa has signed an agreement withAngola’s state-run diamond-mining company to develop joint projects and shareinformation. Alrosa and Endiama have committed to work together onresearch and exploration projects in Angola. The Russia-based miner will alsoprovide...
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Mining
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Apr 07, 2019
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Rapaport News
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Angola to Hold Rough Tender in Israel
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Angola’s national diamond-trading company, Sodiam, has agreed tohold its first rough tender in Israel. Representatives from Israel’s government and diamond industry reached the deal with Angolan officials during a recent visit to the...
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Rough Markets
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Mar 17, 2019
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Rapaport News
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Lucapa Recovers 128ct. Rough
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Lucapa Diamond Company has recovered a 128-carat whitediamond from its Lulo alluvial mine in Angola, the company said Tuesday. The type IIa stone, which it found at the deposit’s Mining Block6 region, is the miner’s...
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Mining
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Feb 19, 2019
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Rapaport News
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Lucapa Predicts Premium from Angola Reforms
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Angola is set to host its first diamond sale under newrules designed to improve transparency and prices.Sodiam, a state-owned diamond-marketing company, will this month offerseven large stones from Lucapa Diamond Company’s Lulo mine, including...
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Rough Markets
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Jan 14, 2019
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Joshua Freedman
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Lucapa to Sell Large Diamonds from Lulo
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Lucapa Diamond Company will sell six large stones weighing atotal of 449 carats from its Lulo mine in Angola after an overhaul of thenation’s mining laws prompted it to delay the sale, it said. The Angolan government...
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Mining
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Sep 16, 2018
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Rapaport News
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Macau Exchange Targets Rough Trading
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Macau is hoping to leverage its relations with Portuguese-speaking diamond producers to emerge as a competitive rough-trading hub. Members of the newly created Macau China Diamond & Gem Exchange (MDGE) last week signed an agreement with the...
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Rough Markets
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Sep 16, 2018
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Rapaport News
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Tango Takes On Two New Mines
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Tango Mining has expanded its portfolio with the acquisitionof a Liberian mine, as well as signing an agreement to finance an alluvialproject in Angola. The miner has bought an 80% share in the Mano River Projectin Liberia from West...
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Mining
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Sep 13, 2018
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Rapaport News
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Diamond Resources Might Not Be Forever
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While it’s true that value comes from rarity, no naturalresource lasts forever, and the rare is becoming even rarer. Diamond productionis set to peak in 2019, after which it will begin a steady decline. De Beersestimates global...
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Mining
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Aug 14, 2018
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Leah Meirovich
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Lucapa Sells $2M of Rough from Lulo Mine
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Lucapa Diamond Company garnered $2 million at its July saleof diamonds from the Lulo mine in Angola, it said Tuesday. The miner sold 2,527 carats of alluvial rough at the tender,fetching an average price of $800 per carat....
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Mining
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Jul 25, 2018
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Rapaport News
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Lucapa Continues Big-Diamond Streak
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Lucapa Diamond Company has found a 114-carat stone at its Lulo mine in Angola, it said Wednesday. The diamond, which it recovered from Lulo’s alluvialmining block 6, is the 11th over 100 carats the company has unearthed,...
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Mining
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Jul 11, 2018
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Rapaport News
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Trans Atlantic Brings In $35M at Dubai Tender
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Trans Atlantic Gem Sales (TAGS) garnered $35 million from atender of rough diamonds in Dubai in June, it said Monday.The company sold 27,161 carats of high-qualitystones sourced from mines in South Africa and Angola. The diamonds...
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Rough Markets
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Jul 09, 2018
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Rapaport News
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Sales and Output Rise at Lucapa
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Lucapa Diamond Company’s sales from its Lulo mine rose 6%year on year to $5 million in the second quarter, it said Thursday. The average price of rough diamonds from the Angola assetjumped 56% to $1,479 per carat...
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Mining
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Jul 05, 2018
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Rapaport News
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Angola to Curb Sodiam’s Control of Rough Sales
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Angola plans to allow miners to sell up to 60% of roughdiamonds to companies of their choice, including to their own tradingdivisions, Reuters reported last week. The changes are part of the country’s reforms to its diamondsector under President João...
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Rough Markets
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Jul 02, 2018
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Rapaport News
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Angola Eyes Antwerp as Ally in Diamond Reforms
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Angola is seeking stronger ties with Antwerp as the southernAfrican nation looks to improve the profitability and transparency of itsdiamond sector.The country has failed to benefit sufficiently from itsdiamond resources due to government policies, according to its...
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Rough Markets
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Jun 14, 2018
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Joshua Freedman
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Lucapa Plans to Extend Mothae Mine Life
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Lucapa Diamond Company has upgraded its expectations for theMothae mine in Lesotho after recovering a 25-carat yellow diamond at the asset. The miner found the stone in the “neck zone,” a part of the minethat it had...
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Mining
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May 23, 2018
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Rapaport News
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Lucapa Finds 46ct. Pink Rough at Lulo
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Lucapa Diamond Company has recovered a 46-carat pink,the largest gem-quality colored diamond it has found at its Lulo mine in Angola. The stone beat out the 43-carat yellow gem the company foundin January, which...
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Mining
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May 06, 2018
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Rapaport News
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