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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
Mining Ekati 150
Mining Sell-Off Highlights Sector’s Woes
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...
Mining Aug 06, 2020 Leah Meirovich
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
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
Miners
Heavy Debt Looms over Mining Shutdown
A number of diamond-mining companies that have halted production during the COVID-19 crisis will find it difficult to resume operations amid their struggles with debt, analysts have predicted.The warning comes after several miners announced...
Mining Apr 23, 2020 Leah Meirovich
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
Lucapa
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
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
Lucapa
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
Lucapa
Lucapa Finds 64ct. Diamond at Mothae
Lucapa Diamond Company has recovered a 64-carat, high-quality stone from its Mothae mine in Lesotho, it said Wednesday.The D-color, type IIa diamond is the 12th over 50 carats the miner has unearthed since reaching commercial...
Mining Mar 19, 2020 Rapaport News
Lucapa Lulo rough 150
Lulo Mine’s Resource Estimate Climbs
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...
Mining Mar 16, 2020 Rapaport News
Lucapa
Lucapa Closing In On Diamond Source
Lucapa Diamond Company is coming closer to finding the kimberlite source of its high-quality alluvial diamonds, the miner said Wednesday.The company will drill seven new kimberlites located just upstream of the high-value portion of its...
Mining Feb 19, 2020 Rapaport News
Lucapa
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
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