Dubai — Gaston International, an investment company of the United Arab Emirates-based Jemora Group, has acquired Lucapa Diamond Company Ltd. , an ASX-listed diamond mining and exploration company, for approximately $10 million.
Lucapa controls a 40% stake in the Lulo mine in Angola —one of the most expensive diamond mines in the world. It was there that the massive 170-carat pink "Lulo Rose" diamond was mined.
The agreement also includes Australian assets: the Merlin mine and the Brooking project in Western Australia. The new owner aims to increase production, expand exploration, and strengthen Lucapia's position in the diamond market.
We have already written about the famous "Luro Rose" diamond on our blog: https://blog.michelson.pl/?s=Lulo%20Rose
We have good news for pink diamond lovers - we also offer pink diamonds:
https://michelson.pl/collections/pierscionki-zareczynowe/products/pierscionek-z-rozowym-diamentem-0-60-ct-lab-grown
Gaston International is a Dubai-based investment company belonging to the Jemora Group – a holding company created by Dev Shetty, specializing in mining projects and investments in the diamond and precious stones sector.
Source:
https://www.dlapiper.com/en-us/news/2025/08/dla-piper-advises-gaston-international-on-proposed-acquisition-of-lucapa-diamond-company?utm_source=chatgpt.com, nationaljeweler.com, rapaport.com
