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
FinancialsDec 02, 2025
Signet Jewelers’ Q3 Sales Up Amid Continued Focus on Lower Price PointsThe retailer offered more fashion jewelry priced under $1,000, including lab-grown diamond and men’s jewelry.
CollectionsDec 02, 2025
Briony Raymond Introduces First FragranceThe eau de parfum is held in a fluted glass bottle that mirrors the decor of the brand’s atelier, and its cap is a nod to its “Sloan” ring.
MajorsDec 02, 2025
Lee Krombholz Takes Over as Chair of MJSA Education FoundationIn addition, a slate of new officers and trustees were appointed to the board.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
IndependentsDec 02, 2025
RJO Welcomes Its 1,200th Retail MemberWitt’s Jewelry in Wayne, Nebraska, is the organization’s new milestone member.
Weekly QuizNov 20, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CrimeDec 01, 2025
Fourth Man Charged in Louvre Jewelry HeistThe man, who has a criminal history, is suspected of being the fourth member of the four-man crew that carried out the heist.
AuctionsDec 01, 2025
Christie’s Presents ‘Splendor & Style’ CollectionThe single-owner collection includes one of the largest offerings of Verdura jewels ever to appear at auction, said Christie’s.
Brought to you by
Roseco Releases New Full-Line CatalogRoseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.
IndependentsDec 01, 2025
Lustig Jewelers’ New Owner Is a Fellow Chicago JewelerMichael Helfer has taken the reins, bringing together two historic Chicago jewelry names.
MajorsDec 01, 2025
PGI Debuts Platinum-Filled Holiday Gift GuideThe guide features all-new platinum designs for the holiday season by brands like Harwell Godfrey, Ritani, and Suna.
FinancialsNov 26, 2025
Movado CEO Talks Tariffs, Growing Interest in Accessible Luxury WatchesDuring its Q3 call, CEO Efraim Grinberg discussed the deal to lower tariffs on Swiss-made watches, watch market trends, and more.
TrendsNov 26, 2025
Piece of the Week: Rosior’s Pumpkin RingRosior’s high jewelry cocktail ring with orange sapphires and green diamonds is the perfect Thanksgiving accessory.
IndependentsNov 26, 2025
Greenwich St. Jewelers Launches Colorful Holiday CampaignThe “Embrace Your True Colors” campaign features jewels with a vibrant color palette and poetry by Grammy-nominated artist Aja Monet.
MajorsNov 26, 2025
Serafino Consoli Names New VP of Sales, Brand Development for the AmericasLuxury veteran Alejandro Cuellar has stepped into the role at the Italian fine jewelry brand.
Events & AwardsNov 26, 2025
Grandview Klein Presents 4 Scholarships in NamibiaThe company gave awards to four students at the Namibia University of Science & Technology, including one who is a Grandview Klein employee.
IndependentsNov 25, 2025
Pearl Stringer Margaret Hoisik DiesShe is remembered as an artist who loved her craft and was devoted to her faith, her friends, and her family.
SourcingNov 25, 2025
Finestar Opens Diamond Manufacturing Facility in JohannesburgIt joins the company’s other manufacturing facilities globally, including in India, Botswana, and Namibia.
TrendsNov 25, 2025
Amanda’s Style File: Polka DotsThe polka dot pattern transcends time and has re-emerged as a trend in jewelry through round-shaped gemstones.
CrimeNov 25, 2025
Former Arizona AG Official Charged With Trafficking Stolen JewelryVanessa Hickman, 49, allegedly sold a diamond bracelet that was mistakenly sent to her home.
Events & AwardsNov 25, 2025
GIA Awards Susan Jacques With Its Highest HonorGIA’s former president and CEO was presented with the Richard T. Liddicoat Award for Distinguished Achievement.
Recorded WebinarsNov 24, 2025
Watch: Top Tips for Social Media EtiquetteSocial media experts spoke about protecting brand reputation through behaving mindfully online.
WatchesNov 24, 2025
Breitling Reveals Plans for Gallet, Universal GenèveIn 2026, the three will come together as “House of Brands,” with Gallet sold in Breitling stores and Universal Genève sold separately.
CollectionsNov 24, 2025
Muse Debuts a Wicked 'Have a Heart x Cynthia Erivo' SequelThe second drop, which includes more Elphaba-inspired pieces from additional designers, will continue to benefit nonprofit Dreams of Hope.
IndependentsNov 24, 2025
J.R. Dunn Jewelers Names New PresidentSecond-generation jeweler Sean Dunn has taken on the role.
MajorsNov 21, 2025
Natural Diamond Council Names New CEOAmber Pepper’s main focus will be on digital innovation and engaging younger consumers.
SourcingNov 21, 2025
De Beers’ Branded, Traceable Diamonds Roll Out to 19 Retailers Called “Origin by De Beers Group,” the loose, polished diamonds are being sold in a total of 30 stores in the United States and Canada.
CollectionsNov 21, 2025
Piece of the Week: Melissa Kaye’s ‘Rocky Infinity’ NecklaceThe lariat necklace features a 4.88-carat oval-cut Zambian emerald in 18-karat yellow gold.
