Category Archives: Angola

World’s ‘most beautiful diamond’ to go under the hammer at Christies Auction House

Diamond necklace featuring 163-carat flawless emerald stone, largest of its kind ever to be put up for an auction, has been unveiled in Hong Kong on Thursday September 28 (PRNewsfoto/de GRISOGONO)

An impressive flawless 163-carat diamond that has been hailed the “world’s most beautiful” will go under Christie’s hammer in Geneva in November, the auction house said Thursday.

Discovered in February last year in eastern Angola, the 404.20-carat rough diamond — named the “4 de Fevereiro” — was also the largest found so far in the southern African country, Christie’s said.

www.gem-creations.com

Diamond necklace featuring 163-carat flawless emerald stone, largest of its kind ever to be put up for an auction, has been unveiled in Hong Kong on Thursday September 28 (PRNewsfoto/de GRISOGONO)

A team of ten diamond-cutting specialist were involved polishing the rough diamond during the period of 11 months. The stone was then designed into a one-of-a-kind piece by Swiss jewellery house de Grisogono.

The D-color, emerald-cut diamond is classified as a rare Type IIa one, which in technical terms means an almost complete absence of nitrogen in the stone, de Grisogono said in a separate statement.

The original, 404.20-carat rough diamond that was mined in eastern Angola — the 27th largest rough white diamond ever discovered. (Image courtesy of Christie’s.)

It took over 1,700 hours to create this unique jewel and involved a team of 14 craftsmen and their know-how as well as love for perfection for each detail in the necklace.

he D-color, emerald-cut diamond can be detached from its white gold, diamond and emerald necklace. (Image courtesy of Christie’s.)

The finished piece, named The Art of de Grisogono, allows customers to detach it from its white gold, diamond and emerald necklace, if they wish to do so. It will be shown in London, Dubai and New York before going to auction in Geneva on November 14.

www.www-gems.com

Henry Sapiecha

Another large diamond dug from Lulo mine in Angola… 227-carat white rough

Weighing 227 carats, latest gemstone from Lucapa’s Angolan diamond mine is its second largest to date

lucapa_227-carat-diamond image www.worldwidediamonds.info

Big, valuable gemstones that may eventually get cut into smaller diamonds keep getting discovered in Angola.

Today Lucapa Diamond Company Ltd. (ASX:LOM) said it has uncovered yet another epic rock from its Lulo mine, the second largest to be pulled from deep inside the earth at Lulo.

According to Lucapa, the 227-carat stone was found in a new mining block, indicating that the entire 50-kilometre length of the Cacuilo River is diamondiferous.The stone weighing 227 carats, discovered by Lucapa and its partners, Empresa Nacional de Diamantes EP, and Rosas & Petales, is a Type IIa D-Colour gem. It’s the same type of diamond that Lucapa recovered in September, in that case weighing 172.6 carats. The largest diamond to come out of the mine was a 404.2-carat monster that Lucapa unveiled a year ago, and which Lucapa later sold for AUD$22.5 million. The huge rock bested Angola’s previous record for its largest diamond, the Angolan Star, a 217.4-carat gem recovered in 2007.

According to Lucapa, the 227-carat stone was found in a new mining block, indicating that the entire 50-kilometre length of the Cacuilo River is diamondiferous. The alluvial diamond area is among Lucapa’s 3,000 square kilometre Lulo concession, and has so far only been about 20% explored by Lucapa and its partners. The gem was discovered using a new XRT large-diamond recovery circuit recently installed at Lulo.

So far Lucapa has unearthed seven diamonds over 100 carats from the Lulo diamond project. Located 150km from Alrosa’s Catoca mine, the world’s fourth largest diamond mine, Lulo hosts Type IIa diamonds which account for less than 1% of global supply.

Angola is the world’s No.4 diamond producer by value and No.6 by volume. Its industry, which began a century ago under Portuguese colonial rule, is successfully emerging from a long period of difficulty as a result of a civil war that ended in 2002.

CLUB LIBIDO BANNER BRUNETTE SMILES

Henry Sapiecha

This is the 68-carat diamond Lucapa just found at its Lulo mine in Angola Africa

this-is-the-68-carat-diamond-lucapa-just-found-at-its-lulo-mine-in-angola image www.worldwidediamonds.info

Australia-based Lucapa Diamond (ASX:LOM) has recovered another major rock from trial mining at E46 alluvial terraces — a new area at its Lulo mine, in Angola.

The 68.1-carat gem-quality diamond is one of eight “significant” rocks found at the site, located about 10 km upstream from the alluvial Mining Block 8 and 6, from which Lucapa has been mining diamonds since the firm began commercial operations in January last year.

lucapa-diamond-at-lulo image www.worldwidediamonds.info

(Image courtesy of Lucapa Diamond)

According to the miner, the finding highlights the potential for widespread recovery of large gems from its Lulo mine, considering the largest individual diamond recovered from the initial exploration bulk sampling phase conducted in the area weighed just 6.9 carat.

Lulo, about 700 kilometers (435 miles) east of Angola’s capital Luanda, is a joint venture between the company and the Angolan government. Lulo is located 150km from Alrosa’s Catoca mine, the world’s fourth largest diamond mine.

The mine hosts type-2a diamonds which account for less than 1% of global supply and, according to Lucapa, the world’s most famous large, white, flawless diamonds belong to this category.

lucapa-exploration-at-lulo-map image www.worldwidediamonds.info

(Image courtesy of Lucapa Diamond)

Angola is the world’s No.4 diamond producer by value and No.6 by volume. Its industry, which began a century ago under Portuguese colonial rule, is successfully emerging from a long period of difficulty as a result of a civil war that ended in 2002.

The government has recently reduced taxes and cut state ownership requirements as it seeks to rekindle the industry after the global financial crisis forced mines to close.

commercial business loans info flyer www.money-au (6)

Henry Sapiecha

Petra Diamonds just sold this ‘exceptional pink’ rough gem for a whopping $15m

petra-diamonds-just-sold-this-exceptional-pink-gem-for-15m image www.worldwidediamonds.info

Petra Diamonds (LON:PDL) shares recovered some sparkle Thursday after the company announced it had sold an ‘exceptional pink’ diamond for $15 million, or $463,965 per carat.

The stock was up more than 2% in afternoon trading in London to 109.75p, and it has gained about 25% to date since the beginning of 2016.

It was found in November at Petra’s Williamson mine in Tanzania.The 32.33-carats diamond was recovered in November from the firm’s Williamson mine in Tanzania.

Golden Yellow Diamonds purchased the rock on behalf of Israel-based diamond manufacturer, M.A. Anavi Diamond Group, which specializes in large and unique coloured diamonds.

Petra Diamonds, known for major findings in recent months, said it would retain a 10% interest in the polished proceeds.

The company, which owns the Finsch and Cullinan mines, posted last month a loss for the first half of its financial year as fewer sales demand and a glut of supply pushed rough diamond prices down by 9%.

commercial business loans info flyer www.money-au (23)

Henry Sapiecha

A Perth WA company believes it’s on to a mother lode of huge diamonds in Africa

diamonds-image www.worldwidediamonds.info

An Australian mining company believes it’s close to finding the mother lode, the source of a series of large gems discovered in Angola, including a record 400-carat stone.

The Perth-based Lucapa Diamond Company found the biggest diamond unearthed in Angola, at 404.2 carat, or about 80 grams.

The news sent the company’s share price up by one third before closing at $0.41, 28% higher.

The diamond is the fourth 100+ carat diamond recovered from alluvial digging at the Lulo diamond project in Lunda Norte province.

“We will put it up to our normal buyers and sell it in its rough (uncut) form,” CEO Stephen Wetherall told Business Insider.

“When you have a new production coming online, people will buy it and first cut it and polish it to see the type of material it is and how the colours come out.

“These are buyers who have been taking our product for the last six months and like what they saw. They are champing at the bit and we are going to give them that opportunity to buy it.”

The diamond is the 27th biggest recorded in the world and the biggest discovered by an Australian company. The previous record for Angola’s largest diamond belonged to the Angolan Star, a 217.4 carat gem recovered in 2007.

Wetherall hasn’t given as estimate but, based on recent average prices, the big diamond is worth more than $800,000 just on its weight alone. Cut and mounted into a piece of jewellery, the price could easily run into many millions.

“It’s a special stone, it’s Angloa’s largest stone, of national interest and iconic,” Wetherall says.

“But at the end of the day it’s all about what comes out of it when polished. The guy who buys it will see what comes out and will make an offer.”

Wetherall says he believes his company is getting close to the source, the Kimberlite rock where diamonds are formed.

diamond-map-angola-image www.worldwidediamonds.info

“The theory is that large stones don’t travel far and our previous largest was 133 carats and now we have a 400 carats,” he says. “Our interests in this area was already high but now it’s even higher. We’ve got work to do to look for the source.”

In the meantime, Lucapa’s local partners Endiama and Rosas & Pétalas will be choosing a proper name for the diamond. The previous record for Angola’s largest diamond was called the Angolan Star, the 217.4 carat gem.

Over the 12 months since the company started operations at Lulo, 10,372 carats have been recovered, not including the latest find. In the December quarter, the company recorded diamond revenues of $8.1 million at record quarterly average selling prices of $2141 per carat.

WINE ONLINE-2

Henry Sapiecha

A small Australian diamond miner just found this huge gemstone in Angola

angola-diamond-image www.worldwidediamonds.info

The 404.2 carat Type IIa D-colour Lulo gem

An Australian mining company has just announced the discovery of an enormous 400-carat diamond, and its shares are going wild.

The find – the biggest diamond ever unearthed in Angola – was announced by the Perth-based Lucapa Diamond Company. A short time ago, the company’s shares were up 32% to $0.425.

The gem is 404.2 carats, or about 80 grams, in weight and is the fourth 100+ carat diamond recovered from the Lulo diamond project in Angola’s Lunda Norte province.

The diamond is the 27th biggest recorded in the world and the biggest discovered by an Australian company.

The previous record for Angola’s largest diamond belonged to the Angolan Star, a 217.4 carat gem recovered in 2007.

Based on recent average prices, the latest diamond is worth more than $800,000 just on its weight alone. Cut and mounted into a piece of jewellery, the price would run into many millions.

The alluvial Mining Block 8 at Lulo, which has already produced more than 60 large special diamonds since mining started there in August 2015. The previous largest diamond recovered at Lulo weighed 133.4 carats.

Over the 12 months since the company started operations at Lulo, 10,372 carats have been recovered, not including the latest find. In the December quarter, the company recorded diamond revenues of $8.1 million at record quarterly average selling prices of $2141 per carat.

CEO Stephen Wetherall says Lucapa and its partners Endiama and Rosas & Pétalas are extremely proud to have recovered such an exceptional world-class diamond.

“We have always emphasised the very special nature of the Lulo diamond field and this recovery — together with the other 100 carat-plus diamonds recovered this year alone — is further evidence of that,” he says.

“And while we continue mining these exceptional alluvial gems from Mining Blocks 6 and 8 at Lulo, we are also continuing to advance our systematic exploration program to find the kimberlite source of these diamonds.”

Kimberlite is a type of rock desposit where diamonds form.

The company is essentially finding diamonds as it digs trenches in search of the core of the diamond source, the kimberlite pipe.

DDD7

Henry Sapiecha

Lucapa finds massive rare diamond

lucapa- huge -rough -white -diamond- image www.worldwidediamonds.info

Lucapa Diamond Company Limited has announced that it has recovered its largest diamond yet since alluvial mining commenced at the Lulo Diamond Project in Angola in January 2015.

On the Yehuda rough diamond colorimeter, the 90.32 carat gem is D colour and a Type 2A gem, one of the rarest categories of diamond in the world.

Lucapa also discovered a 63.05 carat Type 2A diamond in April 2015 and two Type 2A diamonds, weighing in at 131.4 and 95.45 carats, in January 2014. To date, the Lulo alluvial diamonds have averaged sale prices of $1,668 per carat, valuing Lucapa’s new find at over $150,000.

As well as the 90.32 carat gem, Lucapa and its partners have found a total of 31 special diamonds and 33 preliminary bulk sampling results from Mining Block 8 since mining commenced in August 2015.

Lucapa and its partners are conducting systematic pitting programs which aim to expand the Mining Block 8 alluvial diamond field.

Last month, Lucara Diamond recovered a 336 carat Type 2A diamond from its Karowe Mine in Botswana, following the find of another Type 2A 341.9 carat diamond in April 2015.

ooo

Henry Sapiecha

Lucapa Diamond unearths 63.05-carat rock from Angola mine

lucapa-diamond-unearths-63-05-carat-rock-from-angola-mine image www.worldwidediamonds.info

Australia-based Lucapa Diamond (ASX:LOM) has unearthed a 63.05-caratwhite diamond from its Lulo mine, in Angola.

The stone is the largest diamond recovered since Lucapa and its partners began commercial alluvial diamond mining operations at Lulo in January 2015.

the finding highlights the potential for widespread recovery of large gems from the mine, which could prove to be more valuable than Angola’s biggest diamond producer

According to the miner, the finding highlights the potential for widespread recovery of large gems from the mine, which could prove to be more valuable than Angola’s biggest diamond producer, Catoca, which is also the world’s fourth-largest kimberlite mine.

Lulo, about 700 kilometers (435 miles) east of Angola’s capital Luanda, is a joint venture between the company and the Angolan government. The mine hosts type-2a diamonds, which the company qualifies as “the world’s rarest and most valuable gems”. These kinds of precious rock account for less than 1% of global supply and, according to Lucapa, the world’s most famous large, white, flawless diamonds belong to this category.

Angola is the world’s No.4 diamond producer by value and No.6 by volume. Its industry, which began a century ago under Portuguese colonial rule, is successfully emerging from a long period of difficulty as a result of a civil war that ended in 2002.

The government has recently reduced taxes and cut state ownership requirements as it seeks to rekindle the industry after the global financial crisis forced mines to close.

ooo

Henry Sapiecha