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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
Gem Diamonds 147 carat 140
Gem Diamonds Unearths 147ct. Rough
Gem Diamonds received a New Year’s surprise, retrieving a 146.9-carat rough diamond from its Letšeng mine in Lesotho.The miner found the high-quality, type II diamond on January 7, it said last week. The stone is the first 100-carat-plus...
Mining Jan 11, 2021 Rapaport News
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
Gem Diamonds Pink 14ct 150
Letšeng Yields 14ct. Pink Diamond
Gem Diamonds has recovered a 14.09-carat pink diamond from its Letšeng mine in Lesotho.The miner unearthed the “top-quality” type II stone from the deposit on November 24, it said Wednesday. The discovery comes after the...
Mining Nov 26, 2020 Rapaport News
Letseng diamonds
Letšeng Prices Exceed Pre-Pandemic Levels
Gem Diamonds’ sales rose sharply in the third quarter as rough prices from its lucrative Letšeng mine in Lesotho topped pre-coronavirus levels amid a recovery in the large-stone market.Revenue grew to $60.5 million in the three months...
Rough Markets Oct 28, 2020 Rapaport News
Firestone rough 150
Firestone to Test Diamond Prices in November
Firestone Diamonds plans to sell a portion of its inventory next month to assess the prices it can secure for its rough stones as the market begins to recover.The miner is holding 64,700 carats of rough from its Liqhobong...
Mining Oct 26, 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
Gem Diamonds 150
Letšeng Yields Two More Large Stones
Gem Diamonds has recovered an additional two large, high-quality diamonds from its Letšeng mine in Lesotho.An “exceptional” quality, 166-carat, type II diamond was unearthed last week, the same day the company found a yellow...
Mining Sep 21, 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
Gem Diamonds 143ct 150
Gem Diamonds Continues Large-Stone Streak
Gem Diamonds has recovered two large, high-quality diamonds from its Letšeng mine in Lesotho, the company said this week.A 162-carat white diamond was unearthed on September 7, while a 143-carat, type II stone was discovered...
Mining Sep 08, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Incurs First-Half Loss
Gem Diamonds fell into the red in the first half of 2020 as the coronavirus crisis froze the rough market and restricted the company’s sales.The net loss of $113,000 — compared with a $9.7 million profit...
Mining Sep 06, 2020 Rapaport News
Gem Diamonds 233 150
Letšeng Mine Produces 233ct. Rough
Gem Diamonds has unearthed a high-quality, 233-carat, type II diamond from its Letšeng mine in Lesotho, the company said TuesdayThe discovery is the fifth rough stone over 100 carats that Letšeng has yielded this...
Mining Sep 01, 2020 Rapaport News
442 ct Diamond
Letšeng Yields 442ct. Diamond
Gem Diamonds has recovered a 442-carat, type II diamond from the Letšeng mine in Lesotho, claiming the stone ranks among the largest gem-quality rough discovered this year. “The recovery of this remarkable 442-carat diamond,...
Mining Aug 23, 2020 Rapaport News
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
Gem Diamonds Letseng
Gem Diamonds Notes Solid Rough Demand
Gem Diamonds reported a rise in the average selling price for the first half of 2020, noting that appetite for its goods had improved at a recent tender in Antwerp.“The results of the latest tender for Letšeng’s...
Rough Markets Jun 18, 2020 Rapaport News
Petra Finsch mine
South Africa, Lesotho Mines Set for Shutdown
Petra Diamonds, Gem Diamonds, Firestone Diamonds and Lucapa Diamond Company are suspending operations at their mines in South Africa and Lesotho due to government measures to curb the spread of the coronavirus.South Africa has introduced...
Mining Mar 25, 2020 Rapaport News
Firestone
Firestone Forecasts Weak Rough Pricing
Firestone Diamonds gave a cautious outlook for the coming year, expecting continued sluggish market conditions to impact rough prices. “From a diamond-pricing perspective, [2019] was a tough year, particularly for the smaller, lower-value goods,...
Mining Dec 22, 2019 Rapaport News
Lucapa
Lucapa Tender Yields $10M
Lucapa Diamond Company earned $10.4 million fromits latest sale of rough stones, bringing its total for the year to date to$45.9 million. The miner sold 5,469 carats from its Lulo mine inAngola...
Mining Oct 16, 2019 Rapaport News
Letseng diamonds
Lesotho Renews Letšeng Lease
Gem Diamonds has obtained a 10-year lease to continue miningat the lucrative Letšeng deposit in Lesotho, but will haveto pay a larger proportion of its sales proceeds to the government. The southern African kingdom has also...
Mining Oct 06, 2019 Rapaport News
Firestone
Small-Stone Slump Hits Firestone Revenue
Firestone Diamonds saw a decline in sales during its fiscal fourth quarter due to a drop in demand for small, lower-value diamonds that make up the bulk of its supply. The company reported sales of $12.7 million for...
Mining Jul 29, 2019 Rapaport News
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