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Australian diamond mine revived with new deal - Jeweller Magazine: Jewellery News and Trends

Australian diamond mine revived with new deal
Posted May 28, 2021 | By Arabella Roden â¢ Editor
Lucapa Diamond Company (Lucapa) has begun the process of acquiring the Merlin Mine in the Northern Territory, one of Australia’s two remaining viable diamond mines, from the liquidators of its previous owner.
Valued at $8.5 million, the binding Asset Sale Agreement includes the mining lease and exploration tenement – located approximately 720km southeast of Darwin – as well as equipment and assets.
Hopefully within the next couple of years, we are going to turn [it] around and put Australian diamonds back on the map
Stephen Wetherall, Lucapa Diamond Company ....

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Lucapa Showcases Spectacular Diamonds in Australia

48 hours after announcing their intention to purchase the Merlin Mine, Lucapa hosted an invite-only event showcasing two of the largest, most expensive, and rare diamonds ever seen in Australia. The diamonds were a 15-carat heart-shaped pink gem and 213-carat top-color white gem. The 15-carat pink gem was polished from a 46-carat diamond recovered from the Lulo mine in Angola. Lucapa recovered the 213-carat rough white diamond from the Mothae mine in Lesotho. Recent auction sales of similar diamonds place the combined value of the stones at more than US$10 million. ....

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