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Earrings with Lukapa diamonds sell for $ 7.5 million at auction

According to the Lucapa Diamond Company, the recent $ 5.4 million ($ 7.5 million) sale of earrings at the famous Sauseby jewelry auction in Geneva highlights the value of the transition to cutting and polishing raw gems. Did.

The earrings feature square-cut emerald diamonds made in a group cutting and polishing partnership with Mauritius-based Safdico, founded last year.

The polished gem used in one of the earrings comes from a 100-carat diamond recovered from the Lucapa Mosae mine in Lesotho.

Camera iconRough uncut stone. credit: Lukapa diamond/ /Lukapa diamond

Through a partnership with Safdico, the Mothae mine creates an additional margin in addition to the coarse value of diamonds.

The original 101 carat stone produced other high value diamonds, including a 12 carat perfect D color round cut and a 10 carat perfect D color marquise cut.

Stephen Wetherall, managing director of Lucapa, said gaining additional margins from the company’s natural rough diamonds is an integral part of its ongoing growth strategy of pursuing downstream opportunities. ..

The company also holds a 40% stake in the Luro Diamond Mine in Angola, aiming for a short-term reopening of the closed Merlin Diamond Mine in the Northern Territory, previously operated by Rio Tinto and Ashton Mining.

Lucapa shares closed unchanged at 8.2c on Thursday.

Earrings with Lukapa diamonds sell for $ 7.5 million at auction

Source link Earrings with Lukapa diamonds sell for $ 7.5 million at auction

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