30-1-2020
Lucapa has signed an agreement with Graff’s subsidiary high-end jewellery brand Safdico. Under the agreement, Safdico can purchase up to 60 percent of rough diamonds recovered in Lucapa's Lulo mine.
Safdico has purchased about 4,900 carats rough diamonds from Lucapa under this partnership and the miner is due its first share of the partnership profits from Safdico the first quarter of 2020. The project is regarded as a milestone for its value-adding strategy.
All diamonds Safdico purchases from Lucapa will be placed into the joint partnership. Once polished, procurement and manufacturing costs are deducted, the rest profits generated beyond the mine gate will be shared equally between Safdico and Lucapa.
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