News

Lucapa Diamonds Shine Bright: $10.5M Success at TAGS Tender

In a recent auction hosted by Trans Atlantic Gem Sales (TAGS) and Angola’s national diamond-trading company, Sodiam, Lucapa Diamond Company witnessed remarkable success with three extraordinary diamonds, collectively fetching a staggering $10.5 million

diamond world news service

Three exceptional diamonds from Lucapa Diamond Company stole the spotlight at a recent tender in Angola, fetching a total of $10.5 million. Hosted by Trans Atlantic Gem Sales (TAGS) and Angola’s national diamond-trading company, Sodiam, the sale featured 20 diamonds, all of which found buyers, exceeding their reserve prices by 17%. With 38 international companies participating, the tender, held from April 11 to 19, showcased 636.2 carats of rough valued at $16.9 million.

The trio of rough diamonds, weighing 203, 116, and 42 carats respectively, were recovered from Lucapa's Lulo mine in Angola during the first quarter of the year. Lucapa’s managing director, Nick Selby, expressed satisfaction with the recognition of the diamonds' exceptional quality, noting an average price per carat of $29,000, indicating continued strength in the high-end diamond market.

Bvlgari Unveils Polychroma High Jewellery Collection in Taormina with Rare Gem Masterpieces

Van Cleef & Arpels Unveils Flowerlace Collection, Blending Nature and Couture Heritage

Global Postal Networks Halt Low-Value Shipments to US After End of Duty-Free Rule

Natural Diamond Council Introduces Premier Retailer Accreditation Program

Diavik Diamond Mine Hits 150 Million Carats, Setting Canadian Record