Archive

  • In the presence of the representatives of several diamond producing, trading and manufacturing hubs, including Belgian Ambassador Jozef Smets, Angolan President Lourenço last week officially opened the Saurimo Diamond Development hub, aimed at reinforcing development and employment in Angola’s diamond-rich Lunda Sul province. The large Diamond Hub site already hosts three diamond manufacturing plants and will be completed with other diamond related services and training centers, as well as banks, restaurants, shops, convention centers and residential areas.

  • According to Rough & Polished, quoting state news agency Angop, local authorities (SIC) have seized cash, equipment and nearly 2500 diamonds from "illegal buyers" in the country's Lunda Norte province, part of the ongoing clean-up of Angola's informal diamond mining industry "Operation Transparency". The targeted action, initiated in 2018, focuses on the towns of Xa-muteba, Cambulo, Lucapa and Cuango where an estimated 700 illegal mining sites operate.

  • Lucapa, Endiama and Sodiam announced the sale of seven exceptional stones, weighing 620 carats, for a total sales price of $21,4 million, representing an average price of $34,548/carat. The large, top-quality and fancy colored diamonds, recovered at Lulo this year, were sold via tender organized by Sodiam in Luanda.

  • Grib Diamonds’ Ascending Clock Spot Auction of Friday 4 June in Antwerp was very successful. They sold 38,000 carats of Angolan Run of Mine goods for $27 million, achieving high prices across all categories of diamonds. 134 diamond companies worldwide bid in the auction on over 100 Lots. Grib Diamonds received nearly 1,800 bids.

    The next viewing for Grib Diamonds starts on Wednesday 9 June. 520,000 carats of Russian production for the Grib Diamond Mine are being auctioned, with the auction itself on 18 June.

  • Russian mining giant ALROSA, together with the Embassy of Russia in Angola, has donated 25,000 doses of the Sputnik V COVID-19 vaccine to the Angolan government. The miner provided financing and delivery of vaccines from Russia to Luanda, where the Minister of Health, Dr. Silvia Lutucuta, received the cargo. The second shipment of 25,000 doses should arrive in Luanda within a month.

  • 48 hours after announcing their intention to purchase the Merlin Mine, Lucapa hosted an invite-only event showcasing two of the largest, most expensive, and rare diamonds ever seen in Australia. The diamonds were a 15-carat heart-shaped pink gem and 213-carat top-color white gem.

    The 15-carat pink gem was polished from a 46-carat diamond recovered from the Lulo mine in Angola. Lucapa recovered the 213-carat rough white diamond from the Mothae mine in Lesotho. Recent auction sales of similar diamonds place the combined value of the stones at more than US$10 million.

  • The Angolan state National Diamond Trading Company SODIAM announced its 3rd rough diamond tender in Luanda, Angola in June 2021. The sale will include a selection of exceptional Single Stones from the Catoca, Luele, Lulo and Uari mine, as well as an assorted run-of-mine cut across all sizes of (the highly expected) Luele Kimberlite production. The total value of tendered goods is an estimated 27 – 30 million USD.

    Viewings will take place from 9 to 23 June 2021 at the SODIAM viewings facility in Luanda. Bid submission ends on 24 June 2021, 11:00 Luanda time.

  • Lucapa announced it had recovered another large stone, 138-carat diamond, from Mining Block 46 (MB46) in the Lulo alluvial mine in Angola. The diamond is the seventh +100 carat diamond recovered in 2021 so far and the 24th +100 carat stone recovered at Lulo since exploration and mining operations began.

  • The Antwerp World Diamond Centre (AWDC) and the Belgian Embassy, supported by the Angolan Ministry of Minerals and Petroleum (MIREMPET), organized a 2-day visit to Angola, bringing the CEO's of 20 Antwerp diamond companies. The mission signals a renewed interest from both Antwerp and Angola to work together more closely.

  • Lucapa announced the sale of a parcel of Lulo rough, totaling 4.000cts for US$5m or US$1,239/ct. Seven high-value stones, including two pinks will be part of a later sale. In total this year to date, Lulo’s rough sales amount to US$14.5m or an average of US$1,557/ct for a 9,312 carats of rough.

  • Lucapa has announced it has recovered another large stone, 144 carat Type IIa D-colour diamond, from Mining Block 08 (MB08). The diamond is the sixth +100 carat diamond recovered in 2021 so far and the 23rd +100 carat stone recovered at Lulo since exploration and mining operations began.

  • Lucapa announced the recovery of an additional three +100ct and two +50ct diamonds, now totalling six rough diamonds over 100ct discovered in the last three months alone at Mining Block 46 or one +100ct for every 20k cubic meters of gravel. These statistics and recoveries support the potential of the adjacent Canguige catchment and kimberlites close to the Lulo alluvial mine. 

  • Grib Diamonds sold over 620K carats of Grib and Angolan production on Thursday 18th March in Antwerp Belgium via its online Ascending Clock Auction. Total revenues were over $50M.

    Prices in Specials and +4Gr goods showed continued strength, whilst goods were predictably weaker in the smaller and cheaper areas, Grib commented. The next sale for Grib will start on April 14th

  • A recent clip from Euronews spotlights Angola's efforts to build a transparent and sustainable diamond industry, part of President Lourenço's reform agenda, at the development site of Saurimo, Lunda Sul. 

  • Lucapa has announced it has recovered another large stone; a 114ct top white diamond, the 19th +100ct recovered at Lulo, and the third 100+ct rough from the MB46 block, close to the Canguige catchment and priority kimberlites. The frequency of the recovery of three large, high quality stones in barely 8 weeks underscores the potential of the Cacuilo valley and Canguige catchment area. Recently the 16km haul road from the Canguige catchment was finished and Lucapa says it will start bulk sampling the priority kimberlites as soon as the wet season is over.

  • Rough & Polished reports Angola's authorities have greenlighted the further exploration of the Luaxe concession, located roughly 20km from the Catoca mine, jointly operated by the Angolan governement and Russian miner Alrosa, consisting of one of the most promising deposits discovered in over a decade worldwide. Experts believe the concession has a potential reserve of 350m cts, and estimated annual production of 10m ct, which would effectively double the country's annual output and thus also generate significant aded value in terms of state revenue.

  • Lucapa reports strong Q4 results at its Lulo operations in Angola (volume of carats mined was up 55%, grades were up 47%, amount of carats sold was down 48% (4,269ct) but prices were up 31% y-o-y.

  • In a press release, SODIAM, the state controlled diamond marketing arm of Angola has announced that together with special advisor and former Dubai frontman Peter Meeus, they will continue talks with five tender houses (Bonas, First Element, I-Hennig & C°, Koin International and Trans Atlantic Gem Sales) who responded to a request for proposal and expressed interest to set up operations in the Angolan Diamond Bourse (ADB), to be established in Luanda.

  • In its last auction of the year, Antwerp-based GRIB sold 100% of 450Kct, of Arkhangelsk, Russian and Angolan goods for a total of US$35m. GRIB commented "prices were exceedingly strong with 2CT goods showing increases in the high single digits and smaller goods increasing in the low single digits. Overall prices increased around 5%."

  • Lucapa has recovered its 16th 100ct+ rough diamond at its Lulo operation in Angola, the 3rd to date this year, a 127ct gem-quality white, which was recovered from the leziria flood plain in mining block 24. The discovery, the first large stone for this particular block, supports the potential of the Lulo alluvial deposit, Stephen Wetherall, Lucapa's MD added in the release.

  • In Luanda, the state-owned diamond company Sodiam has opened a retail store, in collaboration with KGK, the diamond company that also operates a polishing factory in the country. Earlier, Mines minister Diamantino Azevedo announced the government is going ahead with plans to develop a diamond hub in a free-trade zone, which is said to include a research and training facility as well as a diamond bourse.

  • Hennig Tenders will be holding a 2nd tender of Angolan RoM goods in Antwerp from 12-21 October, following a 1st succesful tender of +5ct Angolan RoM rough which concluded last week. This follow-up tender of a large volume of rough stones of smaller sizes (4 carats and below) will consist of a combination of bespoke cuts in both the high value 2.5-4 carat assortments and the RoM parcels in all other sizes as well as some fancy colour stones.

  • Australia based Lucapa Diamonds and Endiama have sold 3,862 carats of diamonds from the Lulo operation in Angola for a total amount of US$ 5.6 million or an average US$1,450 per carat at its latest sale. Earlier this month, the company reported on record-breaking recovery of high value rough diamonds vrom the MB06 flood plain, and the latest sale further strenghtens Lucapa's outlook for H2 2020.

  • For the second consecutive month, Lucapa had a record-breaking production at its Angolan Lulo operation, recovering 3852 ct, as mining focused on the MB06 Ieziria flood plain.

  • Tender company Hennig Tenders will be holding a dual tender with viewings both in Ramat Gan and Antwerp of a large volume of original run of mine Angolan goods of 5ct and up, both single stones and parcels. The tender will also include a signicant selection of fancy colour stones, with a 45ct exceptional pink rough as the standout stone at the tender.

  • At its Annual General Meeting presentation, Lucapa, the Australian company operating two of the world's highest $ per carat diamond mines, Lulo in Angola (alluvial) and Mothae in Lesotho (kimberlite), sized up the effects of the COVID pandemic on the company's operations and performance.

  • In a press release, Sodiam, the state-owned body that markets of Angolan rough diamonds, announced its 2019 figures, with a net profit of US$27million, less than in 2018, as new legislation introduced in 2019 allows miners to market a portion of their production directly instead of through Sodiam. In September of last year, Sodiam introduced its online platform for competitive sales, and according to the release has reduced its operating cost by 17% in 2019. Tax contributions amounted to US$26,6 million, an increase of 21%.

  • The Angolan government has announced it will extend the open tender, announced at the end of February, with another 45 days, due to the Covid-19 pandemic.

    The Angolan Ministry of Mineral Resources and Oil initialised the public tender in search of five independent rough diamond valuers, who will be contracted to handle Angola’s entire rough production, totalling 9 million carats valued at $1.3 billion last year.

  • Lucapa Diamond Co. has announced that the Lulo alluvial mining company, Sociedade Mineira Do Lulo (“SML”), is to receive US$4.0 million (A$7.0 million) under a partnership agreement with leading international diamond manufacturer Safdico International. The partnership was forged in an effort to create added value for some of Lucapa's exceptional rough diamonds.

  • Lucapa Diamond Co. has updated its estimated volume of carats at the Lulo Diamond Resource in Angola, showing a 25% increase to 100,700 carats despite the depletion of ~19,000 carats from alluvial mining during 2019. The average US$ per carat value for Lulo diamonds modelled in the updated Lulo Diamond Resource has also increase 14% to US$1,620 from the previous modelled estimate of US$1,420 per carat. Overall sales of Lulo diamonds to date total ~US$168 million at an average price per carat of ~US$1,900.

  • Lucapa Diamond Co. announced yesterday (Wednesday March 4) it had received applications for a $2.8 million share placement to advance the Lulo kimberlite exploration program and for general working capital and corporate purposes. Investors looking to get in on the action which will issue 25,899,916 new shares at an issue price of $0.11 per share - representing a discount of approximately 13% to the volume weighted average price - must be a 'to sophisticated and professional investor' by today (March 5).

  • Sodiam, the National Diamond Trading Company of Angola, has announced that the reforms to the legal framework implemented as part of the new Diamond Trading Policy has not only delivered exponential growth in tax revenues from the sale of this gem (+42%), but has also entailed a level of competition and transparency which did not exist previously.

  • Lucapa Diamond Co.'s second sale of diamonds in 2020 from the Lulo alluvial diamond mine in Angola achieved an average price of US$1,535 (A$2,324) per carat. The parcel of 1,223 carats of Lulo diamonds achieved gross sales proceeds of US$1.9 million (A$2.84 million). The sale brings to US$5.3 million (A$7.9m) total sales of Lulo diamonds to date in 2020 at an average price of US$1,906 (A$2,842) per carat.

  • The Republic of Angola's Ministry of Mineral Resources and Petroleum has announced a public tender for independent rough diamond valuators with the capacity to handle Angola's entire national diamond output, which last year reached 9 million carats and $1.3 billion. The search for a truly independent valuator gives teeth to the country's efforts to ensure a fair market price for their diamonds and to generally bring greater transparency and accountability to the country's new diamond marketing policy, a priority of President Lourenço. 

  • Lucapa Diamond Co. has been undertaking a kimberlite exploration program at its the Lulo diamond project in Angola designed to discover the primary hard-rock sources of the alluvial diamonds being mined along the Cacuilo River valley, which have achieved exceptional average run-of-mine sale prices of ~US$1,900 per carat. This morning they announced positive exploration results, recovering 45 diamonds of up to 3.75 carats recovered from stream bulk sampling. Preliminary analysis has classified several diamonds as top D-color.

  • Lucapa Diamond Co. and its partners today announced its first run of mine diamond sales from the Lulo alluvial mine in Angola and the Mothae kimberlite mine in Lesotho generated combined gross proceeds of US$5.5 million (A$8.2 million). 

  • Angola state-owned diamond mining company Endiama plans to float as much as 30% of its shares in an initial public offering (IPO) in 2020, according to Chairman José Manuel Gango Junior from an interview on the sidelines of the Africa Mining Indaba. He said the sale is part of a government plan to increase transparency in the diamond sector and bolster production. “We are preparing Endiama for a public listing and we are currently assessing the company’s value,” Gango Junior told Bloomberg.

  • Luanda Leaks, a new investigation by the International Consortium of Investigative Journalists (ICIJ) and 36 media partners, exposes two decades of unscrupulous deals that made Isabel dos Santos Africa’s wealthiest woman and left oil- and diamond-rich Angola one of the poorest countries on Earth. Ms.

  • Angola's industrial diamond miners produced 9.09 million carats in 2019, a decline of 5% on the year. Adding semi-industrial production to industrial output, the total was 9.12 million carats. The figures came courtesy of Ganga Júnior, the president of Angola’s state diamond exploration, mining and licensing company, Endiama. He attributed the declline (4.8% the actual figure cited) to the closure of a diamond mine. He said the semi-industrial diamond sector had accounted for the production of 35,856 carats last year.

  • The Angolan diamond sector might put an end to semi-industrial mining, aiming to provide more competitiveness, transparency and efficiency to the activities in the sector, said José Manuel Augusto Ganga Júnior, president of Endiama's board of directors. Endiama is Angola’s national diamond prospecting, exploration, cutting and marketing company. Summing up the sector’s activities in 2019, he said the aim was to bring an end to semi-industrial exploration and keep only industrial operations, regardless of whether they are run by large or small cooperatives.