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Lucapa Puts Lesotho Mine on Lockdown
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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...
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Mining
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Jan 14, 2021
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Leah Meirovich
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Lucapa Sells Mothae Rough for $5.6M
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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...
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Mining
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Jan 11, 2021
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Rapaport News
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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 in Talks to Buy Merlin Diamond Mine
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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...
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Mining
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Dec 24, 2020
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Rapaport News
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Lucapa Recovers 101ct. Rough from Mothae
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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...
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Mining
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Dec 14, 2020
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Rapaport News
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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’s Mine Resource Estimate for Mothae Climbs
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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...
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Mining
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Oct 15, 2020
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Rapaport News
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Rough Sales Pick Up as Market Begins Rebound
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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...
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Mining
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Sep 22, 2020
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Rapaport News
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Lucapa to Sell Mothae Rough Privately
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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...
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Mining
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Sep 09, 2020
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Leah Meirovich
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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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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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