African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

Lacapa rakes in $5.5m from Lulo, Mothae run of mine diamond sales

12 february 2020

Lucapa Diamond has raked in $5.5 million from the first sales for 2020 of diamonds from its 40%-owned Lulo alluvial mine in Angola and its 70%-owned Mothae kimberlite mine in Lesotho. 
It sold 1,548 carats of Lulo diamonds for gross proceeds of $3.4 million, representing an average price per carat of $2,200.  

news_12022020_lucapa.png
Image credit: Lucapa Diamond


Lucapa also sold 6,306 carats of Mothae diamonds for $2.1 million, representing an average price per carat of $339.
The Lulo alluvial mine and Mothae kimberlite mine both produce large and high-value diamonds, with more than 75% of revenues generated from the recovery of +4.8 carat stones. 
Lulo has produced 14 +100 carat diamonds to date and is one of the highest average US$ per carat alluvial diamond producers in the world.
The new 1.1 Mtpa Mothae kimberlite mine in diamond-rich Lesotho also commenced commercial mining operations in January 2019. 
It produced more than 30,000 carats in its first year of production, including 10 +50 carat diamonds.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished