DiamondBuzz
Lucapa Reports 36% Revenue Growth and Stronger Diamond Prices in Q1 2025
Lucapa Diamond Company delivered a strong financial performance in the first quarter of 2025, reporting a 36% year-on-year increase in revenue. The company earned $12.8 million from three run-of-mine diamond sales and one tender of goods from its Lulo mine in Angola during the quarter ending March 31.
The average diamond price per carat rose by 42% to $1,523, reflecting improved market conditions and a focus on higher-grade mining zones. Lucapa recovered 6,027 carats in Q1, up 6% from the same period in 2024. A 74% rise in the grade of ore mined helped offset the impact of a temporary production halt caused by a community-led blockade.
Managing Director Alex Kidman attributed the strong start to continued operations in the higher-grade lezirias (floodplain areas) during the wet season, noting that the performance represents a marked improvement over the same period last year.
Despite the positive trends in pricing and production, Lucapa flagged potential risks ahead due to recently introduced U.S. import tariffs. Although the tariffs came into effect after the quarter closed, the company said market uncertainty remains, with some buyers pausing purchases amid ongoing trade tensions.
DiamondBuzz
Motorsport Meets High Jewellery: Hannah St John Turns Heads with ‘La Velocita’ Diamond Necklace at F1 Event
A 25-carat, 1,800-diamond Masterpiece Inspired by Formula 1 circuits Takes Centre Stage at the Glamour on the Grid ahead of the Australian Grand Prix
At the glamorous lead-up to the Australian Grand Prix, Hannah St John, partner of Liam Lawson, made a striking statement at the Glamour on the Grid event with a one-of-a-kind diamond necklace that seamlessly blended motorsport and haute jewellery.
Titled “La Velocit” (The Speed), the necklace was crafted by Australian atelier Martin Rogers Jewellery. The extraordinary piece features approximately 1,800 diamonds totalling 25 carats, intricately arranged to trace the outlines of iconic Formula 1 circuits from the global racing calendar.
A true testament to craftsmanship, the necklace required an estimated 250–300 hours of meticulous handwork, including weeks dedicated solely to precision diamond setting. Valued at around AUD $500,000 (approximately $350,000 USD), the piece stands as a bold fusion of speed, design, and luxury artistry.
Blurring the lines between engineering inspiration and fine jewellery, “La Velocità” captured attention across the paddock, proving that Formula 1’s influence extends far beyond the track.
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National News1 day agoAKSHAY TRITIYA 2026 – Healthy Footfalls, Jewellery Sales Across India, Estimated 18–20 Tonnes Of Business Recorded
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New Premises23 hours agoKalyan Jewellers Expands Its Maharashtra Footprint with a New Showroom in Ambernath
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National News20 hours agoAkshaya Tritiya 2026:Indian Consumers Balanced Record-High Prices With Age-Old Traditions
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DiamondBuzz23 hours agoMotorsport Meets High Jewellery: Hannah St John Turns Heads with ‘La Velocita’ Diamond Necklace at F1 Event
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