Lucapa cuts ‘flawless’ diamonds under new partnership

The 8.8 carat pear diamond made from a 36 carat rough Lucapa diamond. Image: Lucapa Diamond Company.

Lucapa Diamond Company has partnered with a leading international diamantaire to transform a 36-carat rough diamond from the Mothae kimberlite mine in Lesotho, Africa into six rare D-coloured diamonds.

These include an “exceptional” 8.8 carat pear diamond and were the first diamonds to be manufactured under Lucapa’s cutting and polishing partnership.

The Gemological Institute of America (GIA) judged the two largest diamonds produced from the Mothae stone as “flawless” on the clarity scale.

D-coloured, or colourless diamonds are highly sought after and are the top stone on the GIA industry standard colour grading scale.

Lucapa managing director Stephen Wetherall said he was “delighted” the first diamond in Lucapa’s cutting and polishing strategy produced such spectacular results.

“The exceptional diamonds manufactured under our first profit-sharing cutting and polishing partnership represent another milestone for Lucapa’s growth as a global diamond group,” Wetherall said.

“This strategy was implemented to maximise the rough value of our diamond production from our Mothae and Lulo mines and to access additional revenues streams for Lucapa and our mining partners into the future.”

Lucapa and the diamantaire will equally share net profits from the polished diamonds once they are sold.

The diamond producer also plans to announce the first cutting and polishing results from the Lulo mine in Angola soon, following the Angolan Government’s launch of significant reforms in the diamond sector last year.

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.