Russian diamond miner ALROSA reopened its representative office in New York and promptly sold 63 lots of special size rough diamonds (+10.8 carats) with a total weight of 1,040 carats for $10.38 million at its first NYC sale in two years. The auction was held in the period from April 23 to May 11, earning a robust average price per carat of approximately $9,980. In total, 50 companies from world’s largest diamond trading centers, including 7 firms from the USA and 43 from Belgium, India, Israel and the United Arab Emirates, took part in it.
Lucapa Diamond has recovered 25 carat yellow gem diamond from the Mothae kimberlite mine in Lesotho during first two days of trial processing following bulk sampling plant modifications, causing them to rethink their expectations for the mine. "Significantly", they note, "the gem-quality Special was recovered from the Neck Zone of the Mothae kimberlite" which is not part of the current +1 million carat resource estimate. They also recovered a 6 carat diamond during the first two days of trial processing of material from the Neck Zone.
Gem Diamonds Limited today announced the recovery of yet another large, high-quality diamond, this time weighing 115 carats. The stone is top white colour Type IIa diamond, recovered from the Letšeng mine in Lesotho. This is the ninth diamond of over 100 carats recovered in 2018, already exceeding the total number of diamonds of over 100 carats recovered in 2017.
Lucapa Diamond Company has recovered a gem-quality 46 carat pink diamond from the Lulo Diamond Project in Angola, the largest gem-quality coloured diamond recovered to date from the Lulo mining operations. The 46 carat pink eclipsed the 43 carat yellow gem recovered in January 2018 and the 39 carat pink recovered in September 2016.
A veritable bonanza of large diamond recoveries, including the 910-carat Lesotho Legend, a high-quality diamond unearthed on 15 January - the second largest gem quality diamond recovered in the past century - sent Gem Diamonds' revenues soaring to the tune of an 174% increase in Q1 2018.
ALROSA plans to hold an auction for the sale of special size rough diamonds over 10.8 carats in Vladivostok from April 16 to 27, 2018. In total, the company will auction 110 gem quality lots, the Russian miner confirms in a press release. The total weight of auctioned diamonds is 1,946 carats; the largest gemstone weighs 46.64 carats. The assortment will consist of rough diamonds mined from the deposits of PJSC ALROSA, and its subsidiaries – JSC Almazy Anabara, PJSC Alrosa-Nyurba and PJSC Severalmaz.
Russian diamond mining giant ALROSA held auctions of rough and polished diamonds at the Hong Kong International Diamond, Gem & Pearl Show two weeks ago, earning a total of $16.3 million. The United Selling Organization (USO) ALROSA sold 112 special size (over 10.8 carats) rough diamonds with the total weight of 1,787 carats, earning US$13.5 million, for an average price of $7,555 per carat. ALROSA Deputy CEO Yury Okoemov said, “The Hong Kong auction with 50 participating companies demonstrated that demand for rough diamonds of this size category remains stable.
Australia's Lucapa Diamond Company has announced their Q4 and final 2017 results, with fewer large diamond recoveries and lower prices achieved leading to a 38% decline in annual sales. The company earned $31.6 million in revenue from diamond recovered at their Lulo Diamond Project in Angola, compared to $51 million a year ago. Last year's figures include the 404 carat "4th February Stone", which sold for US$16m in February 2016. Even without the earnings from that big diamond, however, sales would still have been 10% lower than the $35 million earned in 2016 excluding the big stone.
London-based miner Gem Diamonds has announced the recovery of an exceptional quality 149 carat, D color Type IIa diamond, with excellent shape, from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. This is the fourth high quality diamond of over 100 carats recovered so far this year, and follows closely upon the recovery of the exceptional 910 carat diamond announced on 15 January, 2018.
The impressive rough diamond recoveries by Australian miner Lucapa Diamond Co. from the Lulo Diamond Project in Angola continue at pace, with the latest recoveries including a 116-carat low-quality diamond and a 43-carat yellow gem. The 43-carat yellow is the largest colored gem-quality diamond recovered to date from Lulo, surpassing the 39-carat pink recovered in September 2016. Both stones were unearthed from Mining Block 8 at Lulo. The 116 carat stone was recovered through the XRT large-diamond recovery circuit installed at Lulo in late 2016.
Gem Diamonds this morning announced the recovery of an exceptional quality 910-carat, D color Type IIa diamond from the Letšeng mine in Lesotho, making it the fifth largest gem-quality diamond ever recovered in history and the third largest in a century, behind only Lucara Diamonds' 2015 discovery of the 1,009-carat Lesedi La Rona.
Lucapa Diamond Company Ltd. has announced the recovery of rough diamonds weighing 103 carats and 83 carats, both of which were recovered from Mining Block 8. The 103 carat light brown diamond and 83 carat Type IIa diamond, the company says, "continue to evidence the special nature and potential of the Lulo resource." The 103-carat diamond is the 9th +100 carat diamond recovered to date from Lulo, the largest being the Angolan record 404-carat 4th February Stone which sold for US$16 million in 2016.
In a recent meeting concerning the 2018 budget, Russian diamond mining giant ALROSA said diamond production is planned at 36.6 million carats in 2018, representing an approximately 7% decline from the 39.3 million carats it is likely to produce this year.
Renowned jeweler Laurence Graff has bought the 476-carat Meya Prosperity Diamond from Sierra Leone for $16.5 million. It is the second major rough diamond Graff has purchased from Sierra Leone this month, having previously purchased the 709-carat 'Peace Diamond' for $6.5 million. The Type IIa, D color 476- rock was unearthed in the Kono District back in November by Meya Mining, a company jointly owned by Namibia-based conglomerate Trustco Group and Germinate Sierra Leone.
The 709-carat "Peace Diamond", considered the 14th-largest rough diamond in history and recovered by artisanal miners in Sierra Leone’s Kono district in March, sold at Rapaport's auction in New York for $6.5 million, approximately $1.2M less than was originally offered for the stone. This despite - or perhaps because of - its tour through the major diamond trading centers. Renowned jeweler Laurence Graff was the buyer. Martin Rapaport, surrounded by Sierra Leonean officials at their press conference in New York, apologized that his efforts did not yield what they had hoped.
ALROSA's first auction for the sale of The Dynasty collection concluded with an average premium of 30% on the reserve prices for four of the five diamonds, with the maximum excess over reserve at 52% the company writes; but they withdrew the 51.38-carat signature stone from the sale. More than 130 companies and private clients registered to participate in the bidding. In accordance with the company’s strategy, the goal of the first auction was to evaluate the upper bound of the price range that might be offered to the market.
On November 9 in Sierra Leone, Meya Mining recovered a 476-carat Type IIa, D color diamond (the highest category of purity & color) from the very first sample of ore they put through their processing plant. An astounding recovery.
On November 29, ALROSA is holding a silent auction for the sale of the unique polished diamond collection, The Dynasty. The Dynasty collection consists of five diamonds and was produced from a 179-carat unique rough diamond named The Romanovs, which was mined from Nyurbinskaya kimberlite pipe in the Republic of Sakha (Yakutia) in 2015. The main 51.38-ct diamond is a 57-facet traditional round brilliant-cut diamond, Triple Excellent (the best quality cut), D, VVS1. Such characteristics occur in less than 1% of diamonds worldwide.
The discovery of these two stones [709 & 476-carat] means we have immense resource potential. There is excellent investor trust in Sierra Leone. The proceeds from the sale will have a knock-on effect for investors and government, and a direct impact on the community where they were found. It highlights the great opportunity to partner with Sierra Leone in terms of resources.
“We have the diamond,” said Leora Halfon of tender house Koin International on the sidelines of the African Diamond Conference, showing us a photo of the 476-carat, Type IIa, D-colored diamond just unearthed by Meya Mining in Sierra Leone. “It’s already in Antwerp.”
Following the unearthing of the 476.7-carat diamond, dubbed the Meya Prosperity, at the Meya deposit in the Kono District of Sierra Leone, Meya Mining announced the appointment of Koin International as the marketing and sales agent for the exceptional diamond.
Miners in Sierra Leone have unearthed a 476.7-carat diamond, reports the country's National Minerals Agency. Mining company Meya, owned by Namibia's Trustco Resources (51%) and Germinate Sierra Leone Ltd., discovered the stone in the diamond-rich eastern district of Kono.
ALROSA today announced the recovery of several large rough diamonds from Jubilee (Yubileynaya) pipe at Aikhal Mining and Processing Division in October.
Firestone Diamonds reports 199,007 carats were recovered Liqhobong Diamond Mine in Lesotho (owned 75% by Firestone and 25% by the Gov't of Lesotho) during the quarter ended 30 September 2017, ending the period, "slightly above all our anticipated production targets", said CEO Stuart Brown. Included in the recoveries were the largest diamond recovered to date, a 134 carat light yellow stone, as well as 45 specials (larger than 10.8 carats). This compares to 54 specials in the previous quarter. The 134 carat yellow diamond will be included in its next sale in Antwerp.
ALROSA will hold an international auction for the sale of special size rough diamonds of 10.8+ carats in the Eurasian Diamond Centre in Vladivostok from October 16 to 27, the company announced in a press release. The Company is putting for sale 72 gem-quality lots with the total weight of 1,170 carats; the largest one weighs 47.55 carats. All the stones to be auctioned were mined from the deposits of PJSC ALROSA, and its subsidiaries – JSC Almazy Anabara and PJSC ALROSA-Nyurba. A total of 67 companies from Belgium, India, Israel, China and the USA have applied for the auction.
Alrosa today announced the results of its rough specials and polished diamond auctions, held at the Eastern Economic Forum. The rough specials of 10.8+ carats, 1,293cts total achieved a total sales price of USD14.8 million, while 33 of the 36 polished stones, 2 to 12 carats were sold for a total sales value of USD 1.7 million. According to Alrosa VP Okoyomov the auctions were attended by some 50 companies from the US, India, Israel, Belgium and the UAE.
Australia's Lucapa Diamond Company reports that production and sales of diamonds from the Lulo Diamond Project in Angola jumped 63% and 58% respectively in the second quarter of 2017. Lulo alluvial mining company, Sociedade Mineira Do Lulo (Lucapa is 40% owner and operator) produced 4,203 carats of diamonds during the quarter, bringing their total for the first half of 2017 to 8,301 carats, a 46% overall increase compared to the year prior. In Q2, the 4,203 carats were obtained from 3,336 stones, with their average weight holding steady at 1.3 carats.
Russia’s Alrosa (MCX:ALRS), the world's top diamond producer by output, said Tuesday it found a 65.75-carat precious rock at the Jubilee kimberlite pipe of its Aikhalsky Mining unit in Yakutia, northeast Russia. A transparent crystal in the form of an octahedron with a slight yellowish tinge and insignificant inclusions of sulfides in the near-surface zone has dimensions of 23 x 16 x 17 mm. The Aikhal Mining and Processing Division (MPD), established in 1986, mines diamonds at the following deposits: Jubilee and Komsomolsky open-pits, Aikhal underground mine.
Australia's Lucapa Diamond Co. is ramping up kimberlite exploration efforts at its primary resource, the Lulo alluvial mining project in Angola. The company has fully commissioned a new high-capability Hanjin D&B drilling rig, with which they will start drilling priority targets as part of the kimberlite exploration program. The rig is one three that will be drilling kimberlite through the June 2017 quarter when the Angolan wet season ends, typically in April. The aim is to identify the kimberlite source of their high-value diamonds frequently recovered at the Lulo alluvial project.
Gem Diamonds fell to an annual loss in 2016 as the decline in the recovery of diamonds larger than 100 carats has had a "disappointing impact" upon revenue and cash flow, while poor prices achieved from its smaller diamonds from the Ghaghoo mine in Botswana forced it to book a large exceptional charge and led it to stop production at the mine.
According to a press release, ALROSA, the world’s largest diamond producer by volume, reported the results of the international diamond auction, which took place in the Sixth International Diamond Week in Israel (IDWI), offering for sale special-size natural rough diamonds (10.8-ct+) , as well as polished goods. The company sold 105 lots of rough and polished diamonds worth $21.8 million during the trading session held on 13-16 February, 2017 in the City of Ramat Gan, Israel. The auction was attended by 119 buyers from 30 countries.
Lucapa Diamond Co., the Australian miner with its main operations at the Lulo Diamond Project in Angola, hqs confirmed recovery of a high-quality (Type IIa, D color) 227-carat diamond. It is the second largest diamond recovered to date at Lulo, following the recovery of a 404-carat stone a year ago. The latest diamond was recovered using Lucapa's new XRT large diamond recovery circuit recently installed at Lulo, and derived from its new Mining Block 28. It is the 7th +100 carat diamond recovered to date at the project.
Australia's Lucapa Diamond Company, whose main asset is the Lulo diamond project in Angola, has sold a parcel of 2,946 carats of Lulo diamonds earning gross proceeds of US$3.8 million (A$4.9M). This represents an average price per carat of US$1,276 (A$1,671), a far cry from their $2,983 per carat average from the fourth quarter of 2016. The sale comprised diamond recoveries through December 31 2016, and included a 75-carat diamond and a 55-carat diamond.
Gem Diamonds, which owns 70% of the Letšeng mine in Lesotho - famous for the production of large, high quality, exceptional white diamonds - and 100% of the Ghaghoo mine in Botswana, saw fourth quarter 2016 sales from its Letšeng mine fall 6% since Q3 and 22% for the year as a result of fewer exceptional large diamonds being recovered than expected. The total amount of carats recovered at Letšeng increased 8% to 26,438 carats during Q4 vs. Q3, when it recovered 24,388 carats, and overall recoveries for the year remained approximately the same, at 108,206 carats.
According to a press release from the Israeli Diamond Industry: Alrosa will hold a tender of both polished and rough diamonds during Israel’s sixth International Diamond Week (IDWI), February 13 – 16, 2017 at the Israel Diamond Exchange (IDE.) The auction will offer 108 boxes of rough diamonds of 11 to 199 carats, and several unique white and fancy color polished diamonds, weighing from 10 to 80 ct, including five that were cut from one huge rough stone.
Australian miner Lucapa Diamond Co. is planning two diamond sales in the December quarter as recoveries of large specials from its Lulo Diamond Project in Angola continue at pace. The next sale, featuring Type IIa D-color diamonds weighing 172 and 104 carats recovered in September, is scheduled for mid-November.
ALROSA is holding an International Auction of Special Size Rough Diamonds 10+ carats and a Polished Diamond Tender from August 23 to September 3 in the run-up to the Second Eastern Economic Forum in Vladivostok. There will be 19 rough diamond lots with a total weight of 1,098 carats. The diamonds are from ALROSA and JSC Almazy Anabara. The largest rough diamond being offered for sale at the auction weighs 401.97 carats.
Lucapa Diamond Company, the Australian diamond miner operating at the Lulo Diamond Concession in Angola, announced a series of production records achieved in July 2016, most notable among which is the recovery of more (59) special diamonds ( >10.8 carats) in one month than in the entire previous half year (53). This led to a record-breaking total recovery of 3,164 carats for the month, and their largest single-day total (448 carats) ever. This banner month was possible owing to a record diamond grade of 15 carats per 100 cubic meters.