Lucapa Studying 46 Carat Pink in Antwerp

17/10/2019 09:38

Lucapa Diamond Co. has exported a 46 carat Lulo pink diamond to Antwerp and it is currently undergoing studies for polishing (initial possible polished solutions pictured above). A decision on the optimal polished solutions will be taken by the Sociedade Mineira do Lulo (SML) and the Lulo partners once the studies are concluded. While Antwerp is not the manufacturing center it once was, many of the world's most valuable and complex rough diamonds still find their way to Antwerp for analysis and polishing.

Further to the ASX announcement of 10 October 2019 as reported on here, Lucapa has sold another run of mine parcel totalling 1,736 carats of diamonds from the Lulo project in Angola for gross proceeds of US$2.6 million (A$3.9 million), representing an average price per carat of US$1,530 (A$2,265). This took total 2019 sales of Lulo diamonds to date to US$35.1 million (A$50.2 million) at an average price per carat of US$2,090 (A$2,991). The latest sale is in line with Lucapa’s strategy to expand production and grow revenue generation at Lulo.