Lucapa Diamond Company has announced the results from its latest sales of diamonds from the Lulo alluvial mine in Angola and the Mothae kimberlite mine in Lesotho. The sale totaled $10.4 million, and brings the combined 2019 sales to date from the Lulo and Mothae mines to $45.9 million.
In the latest tender, a total of 5,469 carats of Lulo diamonds sold for gross proceeds of $5.9 million – or $1,087 per carat. A total of 5,307 carats of Mothae diamonds were sold for gross proceeds of $4.4 million – or $837 per carat. Lucapa added that a 64 carat D-colour Type IIa stone became the first commercially produced diamond from Mothae sold for more than $1 million.
Recently, Lucapa published its results for the first six months of the year, reporting a net profit of $1.1 million (compared to a loss of $43 million in the corresponding period in 2018). Lucapa said that it achieved the profit “during a challenging period for many diamond miners globally, particularly those producing primarily lower-value goods”.