Industry News

October 27, 2019

Lucapa Diamond has achieved year to date to September sales of $38.2 million, with a further $10.4 million in sales already booked post quarter-end from its 70%-owned Mothae mine, in Lesotho and 40%-owned Lulo mine, in Angola against a backdrop of challenging global di...

October 20, 2019

Lucapa Diamond’s 40%-owned Lulo alluvial mine in Angola, has sold 1,736 carats of diamonds for $2.6 million, representing an average price per carat of $1,530.

This took total 2019 sales of Lulo diamonds to date to $35.1 million at an average price per carat of $2,090....

October 13, 2019

Lucapa Diamond Company Limited reported strong production for both the Lulo and Mothae mines in the September 2019 quarter. The mines achieved a quarterly production record of 14,610 carats during the quarter, which the company says are in line with its strategy of exp...

September 29, 2019

Angola has the potential to become the largest diamond mining country in the world, according to the World Federation of Diamond Bourses (WFDB).

The southern African country has diamond reserves estimated at 180 million carats, mainly in the provinces of Lunda Norte an...

September 25, 2019

The World Federation of Diamond Bourses (WFDB) Presidents Meeting kicked off in Dubai today with special sessions on lab-grown diamonds and provenance and traceability.

An important delegation from Sodiam including Chairman Dr. Eugenio Bravo da Rosa took part in the ri...

September 18, 2019

Angola is set to establish a diamond exchange, which will replace the state-owned diamond trading company, Sodiam, according to a report citing the country’s mineral resources minister.

Sodiam is currently responsible for the purchase and sale of all semi-industrial an...

September 15, 2019

Feryal Ahmed, Chief Operating Officer, DMCC, hosted HE Diamantino Azevedo, the Angolan Minister of Mineral Resources and Oil, and a senior delegation from the Angolan Government at Almas Tower, as per press release from DMCC.

According to the statement, Dubai Diamond E...

September 15, 2019

Angola has slightly delayed the public bidding process for five minerals concessions currently underway to accommodate a new roadshow in New York, according to the country’s ministry of mineral resources and petroleum.

The bidding period was initially set for September...

September 11, 2019

Lucapa Diamond is projecting output at its 40%-owned Lulo mine, in Angola to improve in the second half of the year following the move to flood plain blocks which are expected to produce average grades much higher than those achieved during the first half. 

Lulo’s firs...

September 8, 2019

Angolan state-owned diamond marketing company, Sodiam has opened its online registration process for prospective buyers to participate in its future competitive sales of rough diamonds. 

This follows the company’s recent decision to end the buying and selling of rough...

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