Lucapa's Lulo Diamonds Earn $7.3M, $1,770 Per Carat at Latest Sale

Mining and Exploration
20/11/2017 16:30

Lucapa Diamond Company and its partners, Endiama and Rosas & Petalas, have completed their eighth sale in 2017 of alluvial diamonds from the Lulo Diamond Project in Angola, earning gross proceeds of US$7.3 million (A$9.6 million), representing an average price per carat of US$1,770 (A$2,332) from 4,126 carats. The latest sale brought gross proceeds from Lulo diamond sales to date in 2017 to US$31.6 million at an average price per carat of US$1,668. 

The next sale of Lulo diamonds will include the 129 carat and 78 carat Type IIa D-colour gems recovered from Mining Block 6. This sale will take place in either December 2017 or early 2018.