LUCAPA RAKES IN ALMOST $17 MILLION AT ANGOLA’S “HISTORIC TENDER”
Lucapa Diamond Company has announced the outcome of the first “historic sale” of exceptional diamonds under Angola’s new diamond marketing policy.
All in all, Lucapa sold seven large and top-quality diamonds weighing a total of 498 carats from the Lulo diamond mine. The electronic tender was organised by Sodiam in Luanda and achieved a total sales price of $16.7 million (an average price of $33,530 per carat). The latest tender has brought the total sales of Lulo diamonds to date to $141 million at an average price per carat of $2,105.
According to the company, “the exceptional sale prices achieved for the Lulo diamonds reflected the highly-competitive bidding from leading international diamantaires and large stone manufacturers from eight countries that participated in the tender”.