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The Most Buzzworthy Diamonds of 2020
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Amid a challenging year for the industry, diamonds proved the coronavirus pandemic couldn’t dampen their appeal. Several stones made headlines, set records, exceeded expectations, or simply showed their sellers the money. Most...
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Polished Markets
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Dec 30, 2020
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Leah Meirovich
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Graff Unit Purchases Shares in Lucapa
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Graff subsidiary Safdico has purchased a substantial number of shares in Lucapa Diamond Company as part of the miner’s bid to raise money for the expansion of its Mothae deposit.Lucapa shareholders approved the sale of 6% of company stock to diamond...
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Mining
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Dec 29, 2020
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Leah Meirovich
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Lucapa Recovers 127ct. Diamond in New Mining Area
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Lucapa Diamond Company has unearthed a 127-carat rough from the newly mined floodplain area of its Lulo deposit in Angola.The company found the gem-quality diamond in mining block 24 of the leziria floodplains, an area it began mining...
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Mining
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Dec 07, 2020
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Rapaport News
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Lucapa Unveils 15ct. Polished Pink Diamond
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Lucapa Diamond Company has released the polished results of a 46-carat pink rough it sold into a manufacturing partnership with Graff subsidiary Safdico. A heart-shaped, 15.2-carat, fancy-intense-orangey-pink, VVS1-clarity diamond is one of three stones Safdico cut from...
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Polished Markets
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Dec 03, 2020
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Rapaport News
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Higher-Grade Ore Lifts Lucapa Production
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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...
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Mining
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Nov 01, 2020
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Rapaport News
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Lucapa Seals Deal to Defer Loan Repayments
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Lucapa Diamond Company, owner of the Lulo mine in Angola and Mothae in Lesotho, has restructured its debt, allowing it more freedom to focus on navigating the weak diamond market. “The refinancing arrangements will give Lucapa...
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Mining
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Aug 16, 2020
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Rapaport News
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Mining Sell-Off Highlights Sector’s Woes
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Just as the sun emerged from behind the clouds and diamond demand began to recover from a glut in the manufacturing sector, the coronavirus pandemic hit. Its rapid spread forced many miners to shut down...
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Mining
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Aug 06, 2020
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Leah Meirovich
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Lucapa Revenue Plummets in Second Quarter
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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...
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Mining
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Jul 13, 2020
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Rapaport News
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Angola Plans Trading Hub to Support Sales
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Angola plans to create a diamond hub and exchange to help streamline sales and marketing of the rough the country produces.The hub will include an Angolan Diamond Bourse (ADB), a gemological academy and a technological research center....
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Rough Markets
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Jun 09, 2020
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Rapaport News
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Lucapa Raises $3.6M for Lulo Kimberlite Hunt
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Lucapa Diamond Company has completed a sale of new shares that successfully raised AUD 5.25 million ($3.6 million) to fund its search for the kimberlite source of its high-value alluvial stones.The proceeds of the rights...
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Mining
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Jun 03, 2020
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Rapaport News
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Lucapa Unearths 171ct. Rough at Lulo
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Lucapa Diamond Company has recovered a 171-carat, gem-quality diamond from its Lulo alluvial mine in Angola.The stone is the miner’s 15th over 100 carats from Lulo to date, and the second in that size category...
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Mining
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May 11, 2020
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Rapaport News
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Lucapa to Restart Lulo Operations
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Lucapa Diamond Company will resume partial operations at its Lulo mine in Angola after the government relaxed the lockdown rules for essential sectors.From this week, the company will limit work to two shifts...
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Mining
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May 03, 2020
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Rapaport News
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Lucapa Revenue Drops in First Quarter
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Sales of rough from Lucapa Diamond Company’s Lulo mine fell in the first quarter, with a sharp decline in the average price achieved.Revenue slid 36% year on year to $7.8 million, the company said Monday. Although...
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Mining
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Apr 27, 2020
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Rapaport News
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Lucapa Extends Shutdown at Lesotho Mine
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Lucapa Diamond Company has put its Mothae mine in Lesotho on care and maintenance until the global market recovers.The miner temporarily closed the asset last month after the government placed the country...
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Mining
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Apr 20, 2020
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Rapaport News
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Lucapa Inks Polishing Partnership for Mothae
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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...
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Mining
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Apr 16, 2020
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Rapaport News
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Lucapa Reduces Lulo Operations
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Lucapa Diamond Company has whittled down activities at its Lulo mine in Angola to essential operations amid a government lockdown on the country.The shutdown, currently in force until April 11, excludes the mining industry, though authorities...
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Mining
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Apr 02, 2020
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Rpapapot News
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Lucapa Nets First Funds from Graff Partnership
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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...
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Mining
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Mar 24, 2020
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Rapaport News
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Lulo Mine’s Resource Estimate Climbs
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Diamond resources at Lucapa Diamond Company’s Lulo alluvial mine in Angola are 25% higher than it originally estimated, according to an independent valuation.Lulo has 100,700 carats remaining in the mine, a December 2019 study by external consulting company...
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Mining
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Mar 16, 2020
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Rapaport News
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Graff Unit Signs Polishing Deal with Lucapa
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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...
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Mining
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Jan 29, 2020
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Rapaport News
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Lucapa Unearths 117ct. Rough at Lulo Mine
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Lucapa Diamond Company has recovered a 117-carat, gem-quality diamond from its Lulo alluvial mine in Angola.The stone is the miner’s 14th over 100 carats from Lulo to date, and its first in that size category...
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Mining
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Jan 09, 2020
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Rapaport News
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