Diamond Mining & Mines
Angola’s Private Gem: The Luarica Diamond Mine
Owned By A Consortium Of Diamond Mining Companies
Angola’s Private Gem: The Luarica Diamond Mine
Located in Angola, the Luarica diamond mine is owned by a consortium of diamond mining companies, the two largest holders being Endiama (38%) and Trans Hex (32%).
According to Rough & Polished, in 2014, Luarica produced about 95,000 carats (19 kg) of diamond, of which 84,000 were sold at an average price of over $300 per carat – highlighting a new high mark for Angolan diamond production.
In 2009, mining operations were suspended due to a decline in diamond demand caused by the global financial crisis. Trans Hex withdrew from operations, and in 2011, Endiama said that it planned to restart operations alone. In 2013, Endiama signed an agreement with Russian miner Alrosa to establish a joint venture to conduct geological exploration in the area.
More Values
-
THE STORY OF FRENCH JEWELER BOUCHERON
Boucheron, which celebrates 160 years, uses fine gemstones and exotic materials in its jewelry
-
BASIC GUIDE TO JEWELRY RENDERING
-
A MODEL OF ONLINE INNOVATION: JAMES ALLEN'S JEWELRY
James Allen is the largest e-commerce platform in the US for loose diamonds and jewelry
-
DIAMOND TENNIS BRACELETS
The term “tennis bracelet” was born by accident, and under unusual circumstances
-
The Optical Properties Of Diamonds
Diamonds are able to break light rays and reflect them back to the viewer
-
THE TOP DIAMONDS TO COME FROM THE CULLINAN DIAMOND MINE
The Cullinan is the world's most prolific diamond mine
-
LUK FOOK JEWELRY
The group has a network of 1,500 stores in China, Hong Kong, Macau, Singapore, Korea, Malaysia, the United States, Canada and Australia
-
YORAM DVASH: PRESIDENT OF THE ISRAEL DIAMOND EXCHANGE
Yoram Dvas, a first generation diamantaire, is the President of the Israel Diamond Exchange