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It will pay about $80.6 million for the owner of the Chidliak diamond project in the Nunavut Territory.
The addition of the assets to its existing licenses will give it what it claims is the largest ruby mining concession in Mozambique.
The accident comes less than a year after the company lost eight in a flood at another diamond mine.
It is one of six “hero” stones in this year’s sale of exceptional pink, red and violet diamonds from the Argyle mine.
Its latest diamond mining news features the eleventh 100-carat-plus diamond to come from Lulo to date.
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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.