Search Results for "Angola"

Lucapa Diamond Mine Could Rival Catoca

Bloomberg reported that in the next two years, Lucapa Diamond Company Ltd. (ASX:LOM) plans to start an Angolan diamond mine that could be more valuable than the Catoca mine, currently the biggest gem producer in the country.

Billionaire’s Diamond Deal May Spur Interest in Angola

Bloomberg reported that Israeli billionaire Lev Leviev has made a deal with Angola that will allow him to charge more for the diamonds mined at his Luminas mine. Essentially, he will be able to sell the gems on world markets rather than selling them to specific traders from China and Dubai.