HomeCentral AfricaEarrings featuring Lucapa diamond sell for $7.5 million at auction

Earrings featuring Lucapa diamond sell for $7.5 million at auction

Through the partnership with Safdico, the Mothae mine generates additional margin over and above the rough diamond value.

The original 101 carat stone yielded other high-value diamonds, including a 12 carat flawless D-colour round cut and a 10 carat flawless D-colour marquise cut.

Good news for Lucapa with full year EBITA increase of 45%

Lucapa managing director Stephen Wetherall said capturing additional margin from the natural rough diamonds the company produced was an integral part of its continued growth strategy, pursuing downstream opportunities.

The company also holds a 40 per cent stake in the Lulo diamond mine in Angola and is eyeing a near-term restart of the shuttered Merlin diamond mine in the Northern Territory, which was previously operated by Rio Tinto and Ashton Mining.