GJ Town India

Impacting both rough and polished diamond prices!   Lucapa Diamond Company Limited presented its activities report for the Fourth Quarter (4Q) ending 31 December 2020. The consumption and strong demand that saw the diamond industry commence its recovery in Q3 2020 continued into the festive period, favourably impacting both rough and polished diamond prices. This momentum has continued into 2021.   Key Highlights that includes 1: Lulo & 2: Mothae.   1: Lulo, a: Two +100 carat diamonds recovered, one from MB46 adjacent to the Canguige catchment area, b: Record annual diamond production and carat sales at Lulo & c: Delivery of 15.2 carat polished pink diamond from Lulo’s cutting & polishing partnership. 2: Mothae, a: Recommencement of scaled mining operations at Mothae, b: One +100 carat diamond recovered, Mothae’s most valuable diamond recovered to date, c: Mothae signed a new marketing agreement, including a cutting & polishing partnership, d: ~280% ...

Lucapa Diamond on expansion spree!   Lucapa Diamond is on the expansion plan and financing of the 70% owned Mothae kimberlite diamond project in Lesotho, Southern Africa. Mothae became Lucapa’s second producing mine following the commissioning of the mine and its 1.1Mtpa processing plant in January 2019.   The Mothae kimberlite resource contains large and high-quality diamonds, the occurrence of which, make it the 2nd highest average US$ per carat kimberlite mine in the world at between US$500 and US$750 per carat on average. More than 75% of the revenue is derived from +4.8 carat diamonds. Mothae recovered 3, +100 carat diamonds in 2019.   The Mothae JORC Classified Resource was recently updated and contains an Indicated and Inferred JORC Resource of 48.5Mt and ~1.2 million carats. The update resulted in a ~280% increase in the Indicated Resource.  After 16 months of actual operating results to inform future planning, Lucapa and its partners were investi...

Highest price achieved for Mothae diamond of US$36,664 per carat Lucapa Diamond reports the results from the first sale of diamonds from the new Mothae kimberlite plant in Lesotho. The parcel of 5,411 carats of rough diamonds sold at tender in Antwerp for a total of US$3.8 million or A$5.3 million. The diamonds were recovered during the plant ramp-up phase in Q4 2018 and in the first month of commercial mining operations at Mothae in January 2019. The sale represented an overall average price per carat of US$707 (A$987) for the total run of mine parcel. The highest price achieved for an individual Mothae diamond was US$36,664 per carat. As previously noted, the efficiency of the new Mothae plant in treating the near surface weathered material has resulted in the liberation of additional diamonds, primarily small stones below the plant’s 3mm bottom cut-off screen size.  Most of these additional small diamonds are in the -11 and below sieve size fractions. W...