Exclusive

Helga Pombal: Angola's Stardiam finds solution to the threat posed by lab-grown diamonds

Stardiam manager of production Helga Pombal told Rough&Polished's Mathew Nyaungwa on the sidelines of the Angola International Diamond Conference that lab-grown diamonds are creating a parallel market for more accessible stones, combined with lower...

11 november 2024

Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year

The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...

04 november 2024

Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Lucapa’s Lulo rakes in $6.6mln from alluvial diamonds sale

01 december 2020
News
news_01122020_lulo.png
Image credit: Lucapa Diamond

Lucapa Diamond says its 40%-owned Lulo alluvial diamond mine in Angola, Sociedade Mineira Do Lulo (SML) has earned $6.6 million from its latest rough diamonds sale.
The ASX-listed diamond company said 4,269 carats of Lulo diamonds were sold at an average price of $1,550 per carat.
Sales year to date amounts to $28.0 million from 20,397 carats at $1,371 per carat.
The Lulo alluvial mine, which is also partly-owned by Endiama and Rosas & Petalas, has produced 15 +100 carat diamonds to date and is one of the highest average US$ per carat alluvial diamond producers in the world. 
Lucapa and its partners are also conducting a kimberlite exploration to discover the primary hard-rock source of the Lulo alluvial diamonds.

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

Print version