Lucapa's Mothae Sale in Antwerp Achieves Record Price/Ct

Rough Market
11/01/2021 08:59

In a first sale of Mothae goods this year, Lucapa's Mothae operation sold 4,676ct of rough for nearly US$5.6m, with a number of high value "specials" diamonds (10.8ct+), including the 101 D colour rough recovered at the end of 2020. The rough diamonds, achieving a record price of US$1,198/ct were prepared, analysed and sold in Antwerp to partners, in line with the new marketing agreement Lucapa and the Government of Lesotho made last year, to see Mothae benefit from the cutting and polishing of its precious resources. Some of the larger stones will likely remain in Antwerp to be cut and polished.

Lucapa Managing Director, Stephen Wetherall commented “Following a tough 2020, where both of our mines were impacted by the pandemic, our valued teams have shown their resilience and operations have bounced back strongly. The good recoveries at both mines and growing demand leading to strengthening diamond prices has seen a strong start to 2021. We look forward to Mothae receiving further value following implementation of the cutting & polishing partnership and to completing the expansion at Mothae this quarter.”