SourcingJul 25, 2024
De Beers’ H1 Revenue Falls 21% in ‘Weak’ MarketSourcingJul 31, 2024
Lucapa Sells 6 Diamonds, Including 14-Carat Pink
The parcel, totaling 447 carats, garnered $12.4 million at the diamond miner’s recent tender.
Lucapa sold a 14-carat pink diamond (pictured lower left) and five white diamonds from the Lulo alluvial mine in Angola in its second tender of the year.
Subiaco, Western Australia—Six diamonds from the Lulo alluvial mine in Angola garnered $12.4 million in Lucapa’s second tender of the year, the mining company announced late last week.
The six diamonds totaled 447 carats.
The group consisted of a 14-carat pink diamond, as well as five white Type IIa diamonds weighing 195 carats, 89 carats, 68 carats, 51 carats, and 28 carats.
The average price per carat was $27,700, with the pink diamond attracting the highest price per carat.
The Lulo mine is operated by Australian miner Lucapa Diamond Company Ltd., private Angolan company Rosas & Petalas, and Angola state-owned diamond company Endiama E.P.
Sodiam E.P., the state-owned diamond trading company, conducted the tender.
“A very pleasing tender result, our second this year,” Lucapa CEO and managing director Nick Selby said.
“Our alluvial project continues to deliver fantastic diamonds that are always in demand through all market cycles and achieve very competitive values.”
Related stories will be right here …
The six diamonds totaled 447 carats.
The group consisted of a 14-carat pink diamond, as well as five white Type IIa diamonds weighing 195 carats, 89 carats, 68 carats, 51 carats, and 28 carats.
The average price per carat was $27,700, with the pink diamond attracting the highest price per carat.
The Lulo mine is operated by Australian miner Lucapa Diamond Company Ltd., private Angolan company Rosas & Petalas, and Angola state-owned diamond company Endiama E.P.
Sodiam E.P., the state-owned diamond trading company, conducted the tender.
“A very pleasing tender result, our second this year,” Lucapa CEO and managing director Nick Selby said.
“Our alluvial project continues to deliver fantastic diamonds that are always in demand through all market cycles and achieve very competitive values.”
Lucapa announced this week it also has recovered a 176-carat Type IIa Lulo mine.
It is the fifth diamond weighing more than 100 carats to be recovered this year and the eighth largest diamond to come out of the mine since commercial production began in 2015, the company said.
A 176-carat diamond recovered from the Lulo mine
It is the 45th diamond weighing more than 100 carats that Lucapa has mined at Lulo.
The continual recovery of large diamonds such as these has been a key source of income for Lulo, said Lucapa, and it has also informed the miner’s kimberlite exploration program.
Through the program, Lucapa is currently bulk sampling kimberlites near where the 176-carat diamond was found.
“The recovery of this 176-carat diamond is yet more confirmation of the massive potential of the kimberlite province where we are focusing our exploration efforts to find the source(s) of these magnificent gems,” said Selby.
He added, “the diamond has not traveled far as it still displays sharp, angular edges.”
Lucapa and its project partners also are exploring for potential primary source kimberlites or lamproites at the Lulo concession and the Brooking project in Australia.
Earlier this month, the miner gave an update on exploration at Lulo following a “severe” wet season in Angola.
It said it is focused on sampling kimberlites near the Cacuilo River; these are considered more likely to be the major sources of the diamonds found in the Cacuilo’s alluvial deposits.
Lucapa also has begun construction on the road to access the “high-priority” L014 kimberlite, which sits beneath the river.
“Now that the wet season is behind us this year, we are excited to be back in full flow with the exploration program and gaining access to the areas that were previously inaccessible due to the wet ground conditions,” Selby said.
“The preparation work is well underway for accessing kimberlite L014, from which we will be doing the necessary delineation drilling and taking bulk samples. Road construction and sample planning is progressing for the other priority targets close to the Cacuilo River. We look forward to bringing further updates to the market, as the sampling results become available.”
More on Sourcing
The Latest
EditorsNov 07, 2025
Piece of the Week: An MVP’s Sapphire Tennis Necklace At the 2025 World Series, the Los Angeles Dodgers’ Yoshinobu Yamamoto sported a custom necklace made by California retailer Happy Jewelers.
IndependentsNov 07, 2025
Foundrae’s New Palm Beach Location Is a ‘Golden Solarium’The brand’s seventh location combines Foundrae’s symbolic vocabulary with motifs from Florida’s natural surroundings.
FinancialsNov 07, 2025
Watches of Switzerland’s H1 Sales Up 8%The retailer also shared an update on the impact of tariffs on watch customers.
Brought to you by
Jewelers of America Aligns New Mission to Create Meaningful Impact for MembersFrom educational programs, advocacy, and recent MJSA affiliation, Jewelers of America drives progress that elevates businesses of all sizes.
IndependentsNov 06, 2025
Greenwich St. Jewelers Hosts Raffle Supporting Food RescueAll proceeds from the G. St x Jewel Boxing raffle will go to City Harvest, which works to end hunger in New York City.
Weekly QuizNov 06, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
IndependentsNov 06, 2025
Cornell’s Jewelers Names New PresidentCourtney Cornell is part of the third generation to lead the Rochester, New York-based jeweler.
WatchesNov 05, 2025
Shinola President Steps Down Just as He Starts Former Signet CEO Mark Light will remain president of Shinola until a replacement for Ulrich Wohn is found.
AuctionsNov 05, 2025
Taylor Swift’s Engagement Ring Designer Makes Her Auction DebutKindred Lubeck of Artifex has three rings she designed with Anup Jogani in Sotheby’s upcoming Gem Drop sale.
FinancialsNov 05, 2025
Pandora Posts Modest Q3 Sales Growth Amid ‘Weak’ Consumer Sentiment The company focused on marketing in the third quarter and introduced two new charm collections, “Pandora Talisman” and “Pandora Minis.”
FinancialsNov 05, 2025
Brilliant Earth’s Q3 Sales Climb 10%The jewelry retailer raised its full-year guidance, with CFO Jeff Kuo describing the company as “very well positioned” for the holidays.
Policies & IssuesNov 04, 2025
Supreme Court to Hear Tariffs Case WednesdayAhead of the hearing, two industry organizations co-signed an amicus brief urging the court to declare Trump’s tariffs unlawful.
MajorsNov 04, 2025
Danny Clark to Become Stuller CEO, Succeeding Matt StullerStuller COO Belit Myers will take on the additional role of president, with all changes effective at the start of 2026.
ColumnistsNov 04, 2025
Peter Smith: What Do Birds Have to Do With the Price of Gold? Smith cautions retailers against expending too much energy on things they can’t control, like the rising price of gold.
TrendsNov 04, 2025
Amanda’s Style File: Fall Colors for November BirthdaysCitrine and topaz are birthstones fit for fall as the leaves change color and the holiday season approaches.
IndependentsNov 04, 2025
Weston Jewelers Heads to Fort LauderdaleThe family-owned jeweler will open its fourth store in Florida in late 2027.
CrimeNov 03, 2025
Men Dressed as Construction Workers Burglarize Jeweler’s Home The NYPD is looking for three men who stole a safe and jewelry valued at $3.2 million from the home of a jeweler in Jamaica Hills, Queens.
MajorsNov 03, 2025
Matthew Rosenheim Takes Over as JA Board ChairThe trade organization also announced its executive committee and five new directors.
CollectionsNov 03, 2025
Muse’s ‘Have a Heart’ Collab Returns, Now With DDGThe “Have a Heart x Diamonds Do Good” collection is championed by model and humanitarian Flaviana Matata and will benefit her foundation.
AuctionsNov 03, 2025
Kashmir Sapphire Ring Tops Christie's Online AuctionThe ring, set with a nearly 17-carat Kashmir cabochon sapphire, sold for $1 million.
TrendsOct 31, 2025
Piece of the Week: A Spinner Fit for ‘Frankenstein’This “Mother Father” spinner necklace from Heavenly Vices Fine Jewelry draws inspiration from Victorian Era jewelry.
CrimeOct 31, 2025
5 More Arrested in Louvre Heist, Jewelry Still Missing The suspects were rounded up in Paris and its suburbs on Wednesday night, but none of the stolen jewels were recovered with them.
Recorded WebinarsOct 31, 2025
Watch: How to Master Google Reviews for Your BusinessExperts share top tips on how to encourage positive reviews and handle negative feedback.
Supplier BulletinOct 30, 2025
Protect Your Customers and Your BusinessSponsored by the Gemological Institute of America
CrimeOct 30, 2025
29-Year-Old Man Charged in Multiple Seattle-Area Smash and Grabs The suspect faces charges in the August robbery of Menashe & Sons Jewelers and is accused of committing smash and grabs at two pawn shops.
Lab-GrownOct 30, 2025
Alison Lou’s New Collection Uses Lab-Grown Diamonds and ResinThe “Lumière Fine” collection was born from designer Alison Chemla’s interest in the transformative power of light.
TrendsOct 30, 2025
Amanda’s Style File: A Haunted HalloweenShow off your spooky side with these 12 festive jewels.
