Lucapa Sells Lulo Diamonds for $4.4M, Including 28.5-Ct Light Pink

Mining and Exploration
06/09/2016 13:43

Lucapa Diamond Company, the Australian diamond miner operating at the Lulo Diamond Concession in Angola, sold a 3,642-carat parcel of alluvial diamonds for gross proceeds of US$4.4 million (A$5.8 million), representing an average sale price of US$1,212 (A$1,606) per carat. This is $307 per carat higher than from their previous sale, a 1,985-carat parcel of Lulo diamonds in July that sold for US$1.8 million. The sale parcel included a 28.5 carat light pink, "which is now the largest and most valuable coloured diamond recovered and sold to date", a 49.8-carat Type IIa white and two light fancy yellows weighing 11.9 and 10.9 carats. Lulo mining company Sociedade Mineira do Lulo, Lda now carries a diamond inventory of 1,685 carats.