Lucapa's Second 2020 Sale of Angolan Rough Earns $1,535 Per Carat

Rough Market
25/02/2020 17:16

Lucapa Diamond Co.'s second sale of diamonds in 2020 from the Lulo alluvial diamond mine in Angola achieved an average price of US$1,535 (A$2,324) per carat. The parcel of 1,223 carats of Lulo diamonds achieved gross sales proceeds of US$1.9 million (A$2.84 million). The sale brings to US$5.3 million (A$7.9m) total sales of Lulo diamonds to date in 2020 at an average price of US$1,906 (A$2,842) per carat.

Just last week Lucapa reported encouraging results from its search to discover the hard-rock sources of the high-value alluvial diamonds from the Lulo diamond project, where the drilled five top-rated kimberlite pipes and two other targets in the Canguige catchment. In addition to hosting a good white population – including top D-colour stones - analysis of the 45 diamonds recovered from the Canguige tributary confirmed the presence of rare Type IIa gems, along with a light fancy yellow.