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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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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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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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Heavy Debt Looms over Mining Shutdown
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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...
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Mining
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Apr 23, 2020
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Leah Meirovich
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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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South Africa, Lesotho Mines Set for Shutdown
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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...
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Mining
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Mar 25, 2020
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Rapaport 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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Lucapa Finds 64ct. Diamond at Mothae
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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...
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Mining
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Mar 19, 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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Lucapa Closing In On Diamond Source
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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...
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Mining
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Feb 19, 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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