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Lucapa Mothae 140
Lucapa Puts Lesotho Mine on Lockdown
Lucapa Diamond Company will temporarily close its Mothae mine in Lesotho during a 14-day nationwide lockdown.Starting Thursday, the company will put the deposit on care and maintenance for two weeks to ensure the health...
Mining Jan 14, 2021 Leah Meirovich
Lucapa Mothae parcel 140
Lucapa Sells Mothae Rough for $5.6M
Lucapa Diamond Company has sold $5.6 million worth of rough to manufacturer Safdico via a partnership the two companies formed last year.The Graff subsidiary bought 4,676 carats of diamonds from the Mothae deposit in Lesotho...
Mining Jan 11, 2021 Rapaport News
Letlapa Tala Petra new 140
The Most Buzzworthy Diamonds of 2020
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...
Polished Markets Dec 30, 2020 Leah Meirovich
Lucapa Mothae Safdico 140
Graff Unit Purchases Shares in Lucapa
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...
Mining Dec 29, 2020 Leah Meirovich
Lucapa Merlin 140
Lucapa in Talks to Buy Merlin Diamond Mine
Lucapa Diamond Company is in advanced negotiations to acquire the Merlin mine in Australia after the site’s owner entered liquidation earlier this year.“The Lucapa board considers that Merlin would be complementary to the company’s existing niche...
Mining Dec 24, 2020 Rapaport News
Lucapa 150
Lucapa Recovers 101ct. Rough from Mothae
Lucapa Diamond Company has unearthed a 101-carat rough from its Mothae mine in Lesotho.The company found the D-color, type IIa diamond in the mine’s southern lobe region, it said last week. It’s the fourth...
Mining Dec 14, 2020 Rapaport News
Lucapa 127ct 150
Lucapa Recovers 127ct. Diamond in New Mining Area
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...
Mining Dec 07, 2020 Rapaport News
Lucapa pink heart 150
Lucapa Unveils 15ct. Polished Pink Diamond
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...
Polished Markets Dec 03, 2020 Rapaport News
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 diamond 150
Lucapa’s Mine Resource Estimate for Mothae Climbs
Diamond resources at Lucapa Diamond Company’s Mothae mine in Lesotho are 280% higher than it originally estimated, it said Thursday.The increase is due to the new commercial processing plant the miner has installed at the deposit, noted...
Mining Oct 15, 2020 Rapaport News
Rough sales 150
Rough Sales Pick Up as Market Begins Rebound
Miners have seen “encouraging” signs of recovery in the diamond market as they resume rough sales following an extended period of weak demand.Mountain Province garnered $8.9 million from the sale of 210,661 carats from its Gahcho...
Mining Sep 22, 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
Lulo parcel
Lucapa Seals Deal to Defer Loan Repayments
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...
Mining Aug 16, 2020 Rapaport News
Lucapa
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
Angola
Angola Plans Trading Hub to Support Sales
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....
Rough Markets Jun 09, 2020 Rapaport News
Lulo.
Lucapa Raises $3.6M for Lulo Kimberlite Hunt
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...
Mining Jun 03, 2020 Rapaport News
Lucapa Unearths 171ct. Rough at Lulo
Lucapa Unearths 171ct. Rough at Lulo
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...
Mining May 11, 2020 Rapaport News
Lucapa rough parcel 150
Lucapa to Restart Lulo Operations
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...
Mining May 03, 2020 Rapaport News
Lucapa
Lucapa Revenue Drops in First Quarter
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...
Mining Apr 27, 2020 Rapaport News
Lucapa
Lucapa Extends Shutdown at Lesotho Mine
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...
Mining Apr 20, 2020 Rapaport News
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