GJ Town India

130 carat Type IIa white and 46 carat pink still at Lulo inventory Lucapa Diamond Company and its partners announce the results from the latest sale of diamonds from the Lulo alluvial mine in Angola. The run of mine parcels totalling 5,573 carats of Lulo diamonds achieved gross revenues of US$10.0 million (A$14.5 million), representing an average price of US$1,800 per carat. This took total sales of Lulo diamonds to date in H1 2019 to US$22.1 million achieving an average price per carat of US$3,668, further underling Lulo’s status as the world’s highest average price alluvial diamond production. The sale excluded several high-value diamonds which remain held in inventory by Lulo alluvial mining company Sociedade Mineira Do Lulo.  These diamonds include the 130 carat Type IIa D-colour diamond and a 46 carat pink. As previously foreshadowed, SML is undertaking a self-funded expansion of its Lulo diamond mining operations to deliver a ~50% increase in annualised ...

Firestone recovered a white, makeable diamond Firestone Diamond plc is pleased to announce the recovery of a 46 carat white, makeable diamond from its Liqhobong Mine in Lesotho. The stone was recovered undamaged and will go on sale at the next tender which is scheduled to take place at the end of January 2019.  The company is also pleased to report a stabilisation in pricing for the smaller, lower value stones (-3 grainers) at the recent sale which was concluded on 7 December and which confirms the trend reported by other producers. Further details will be included in the Q2 production update. Paul Bosma, Chief Executive Officer, commented: "The recovery of the white 46 carat stone is good news as we start mining across the pit towards the northern side of the ore body over the coming months.  We are also pleased by the fact that the prices of our smaller, lower value goods have stabilised and we look forward to further improvement as we head into the New Year on the...

Alrosa sold 119 special size rough in Vladivostok Alrosa, the largest diamond mining company in the world, has summed up the results of the auction in Vladivostok for the sale of large special size rough diamonds (over 10.8 carats).   The company has sold 119 gem-quality rough diamonds with the total weight of 1,890 carats. The overall revenue from sales reached $10.3 million. 26 companies, representing global diamond trading centers, were recognized as winners in various diamond positions. “The last auction in Vladivostok scheduled for this year was completed. Since the beginning of 2018, we held four auctions there, including the last one, gaining almost $55 million in total.  This is a very good result, which was achieved after our decision to increase the number of auctions at the Far Eastern platform, which we consider to be very promising and plan to develop it further,” Evgeny Agureev, the Member of the Executive committee, Director of the USO Alrosa...