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Lucapa Lulo mine 150
Higher-Grade Ore Lifts Lucapa Production
Lucapa Diamond Company’s output rose in the third quarter as higher ore grades at its Lulo mine compensated for a temporary shutdown of the Angola site.Production from the deposit increased 23% to 9,387 carats during the...
Mining Nov 01, 2020 Rapaport News
Lucapa Mothae 150
Lucapa to Sell Mothae Rough Privately
Lucapa Diamond Company will sell rough from its Mothae mine in Lesotho directly to diamantaires through private partnerships, allowing it to secure higher prices for its production, it said Wednesday.The new sales channel was approved...
Mining Sep 09, 2020 Leah Meirovich
Lucapa Revenue Plummets in Second Quarter
Sales of rough from Lucapa Diamond Company’s Lulo mine in Angola plunged in the second quarter, as both the average price and carats sold fell sharply due to the coronavirus pandemic.Revenue slid 80% year on year...
Mining Jul 13, 2020 Rapaport News
Lucapa Inks Polishing Partnership for Mothae
Lucapa Diamond Company has created a partnership with a high-end diamantaire to cut and polish a portion of rough from the Mothae mine in Lesotho.The miner sought the deal after coronavirus lockdowns halted sales of its diamonds...
Mining Apr 16, 2020 Rapaport News
Lucapa Nets First Funds from Graff Partnership
Lucapa Diamond Company has garnered $4 million in revenue from the first share of proceeds through its manufacturing partnership with Graff unit Safdico, it said Tuesday.Under the partnership, which Lucapa announced in January, Safdico has...
Mining Mar 24, 2020 Rapaport News
Graff Unit Signs Polishing Deal with Lucapa
Graff-owned diamond manufacturer Safdico will cut and polish a portion of rough from the Lulo mine through a partnership with Lucapa Diamond Company.Safdico will have the rights to buy up to 60% of Lulo’s annual rough production...
Mining Jan 29, 2020 Rapaport News
Ilan Kaplan
How Cutters Can Maximize Profits
After 16 years of working as a manufacturer — 10 of which he spent as manager of Laurence Graff’s South African business Safdico — Ilan Kaplan decided to “turn on its head all the traditional thinking in the diamond industry.” Together with fellow rough-diamond...
Polished Markets Dec 29, 2019 Sonia Esther Soltani
Laurence Graff
Graff Profits Soar After Retail Expansion
Global store openings helped fuel a jump in revenue and profit at Graff Diamonds International last year, according to the luxury jeweler’s latest financials. Sales rose 22% to $692.8 million in 2017, while profit morethan tripled...
Retail Jun 12, 2018 Rapaport News
Safdico Botswana Recognized For Crucial Contribution to Botswana
Press Release: Safdico Botswana and the Diamond Technology Park's director and CEO Rutang Moses credited Safdico Botswana’s recognition by His Excellency, Lieutenant General Seretse Khama Ian Khama, to the company’s visionary leadership...
Polished Markets Oct 12, 2014 Safdico
Rutang K. Moses
Profile: Rutang K. Moses
Safdico is a diamond company with facilities in Botswana, South Africa, Mauritius, Geneva, New York, London, Antwerp and Israel. Safdico launched the Diamond Technology Park (DTP) in Gaborone in 2009. Name: Rutang K. Moses From: Botswana...
Polished Markets Nov 27, 2013 Rapaport News
Graff Opens Second Leadership Center in Botswana
Laurence Graff's FACET (For Africa's Children Every Time) Foundation opened its second Graff Leadership Centre in Mochundi, Botswana in partnership with Stepping Stones International (SSI). The center is dedicated to creating a supportive environment through...
Marketing Oct 18, 2011 Deena Taylor
196ct Letseng
SAFDICO Buys Letšeng Special Diamonds for $23M
Gem Diamonds has sold two large rough white diamonds from its Letšeng mine in Lesotho for a total of $22.7 million, or $59,833 per carat. The stones weighing 196 carats and 184 carats respectively...
Rough Markets Nov 25, 2010 Avi Krawitz
Building Botswana
Parked outside the News Café in Gaborone, BMWs, SUVs and Peugeots line the street. Inside, the trendsetters of “Gabs,” as Botswana’s capital city is affectionately known, drink, dance and laugh while checking their latest smartphones, all in time with the music. Most of them are professionals,...
Rough Markets Sep 01, 2010 Avi Krawitz
Market Comments 7/8/2010
Trading activity slows, demand for rough eases and polished prices soften slightly as U.S. summer vacations begin. De Beers Diamdel unit sells 95% of 157 lots auctioned online in 2Q and says competition through 1H remained most intense for rough in 2 ct-plus sizes. SpendingPulse reports 10% rise...
Mining Jul 08, 2010
Rapaport TradeWire July 9, 2010
RAPAPORT NEWS SERVICE | JULY 9, 2010 www.rapaport.com | news@rapaport.com...
Mining Jul 08, 2010 Rapaport
Safdico to Open Israel Office
Diamond manufacturing company Safdico will soon open an office in the Israel Diamond Exchange (IDE), the company's chief executive officer (CEO), Brian Gutkin, told Rapaport News. The office will be used as a sales and distribution location to buy and sell rough and polished diamonds, Gutkin...
Polished Markets Jul 06, 2010 Avi Krawitz
Hope Comes to Lesotho
The earth giveth and now Laurence Graff, who has profited enormously from the treasures taken from the earth, is giving back. In March 2010, Graff’s FACET Foundation — the charity takes its acronym from the phrase “For Africa’s Children Every Time” — opened its...
Mining May 01, 2010 Ettagale Blauer
A Cut to Profits
Beneficiation — the word is rough on the tongue and equally rough on diamond cutters. For Southern Africa, beneficiation represents the promise of jobs and a leveling of the playing field that is the legacy of apartheid, colonialism and economic exploitation. For New York cutters, beneficiation is a new cost of doing...
Rough Markets May 01, 2010 Ettagale Blauer
DTC's 2010 Sightholders
The Diamond Trading Company (DTC) announced on Monday that it has extended its contract with existing sightholders for an additional year, specifically until March 31, 2012. This decision means that a new list of sightholders will only need to be determined for the next supplier-of-choice contract period,...
Manufacturing Apr 12, 2010 Avi Krawitz
Safdico Looks to Bring Graff to Botswana
Safdico, a diamond manufacturing company that is partly owned by Lawrence Graff, is looking to open a Graff Leadership Center in Botswana following the opening of the first such establishment in Lesotho, the company reported on its website. “We would like to give something back to the country which gives us our remarkable...
Manufacturing Mar 16, 2010 Avi Krawitz
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