Lucapa's 2nd Rough Dimond Sale of 2018 Earns US$1.7M, at $804/carat

Mining and Exploration
05/03/2018 14:33

Lucapa Diamond Company (partners Endiama and Rosas & Petalas) completed the second sale for 2018 of diamonds from the Lulo Diamond Project in Angola. The sale of 2,072 carats of Lulo diamonds achieved gross proceeds of US$1.7 million (A$2.1 million), representing an average price per carat of US$804. The largest diamond weighed 44 carats in the sale parcel, which also included a vivid pink of 1.9 carats. The latest sale brought gross proceeds from Lulo diamonds sales to date in 2018 to US$10.8 million (A$13.5 million) at an average price per carat of US$1,731.

The company notes that the regular production of large specials (+10.8 carat diamonds) has continued at Lulo, with the latest (post-sale) recoveries including specials weighing 85 carats and 52 carats.