LUCAPA RAKES IN $1,220 PER CARAT IN LATEST LULO DIAMOND SALE
In the latest diamond sale from its Lulo mine in Angola, Lucapa Diamond Company raked in $4.2 million from the sale of 3,411 carats, according to Mining Weekly.
The sale achieved an average price per carat of $1,220. The latest sale has brought the total year-to-date sales of Lulo diamonds to $24.5 million at an average price of $1,353 per carat.
In the previous diamond sale, held in July, Lucapa sold a parcel of 2,527 carats, raking in $2 million, which represents an average price per carat of $800. For the second quarter of the year (ended June 30, 2018), Lucapa reported that sales from Lulo rose 6% year on year to $5 million and $15.9 million for H1 2018 – an increase of 3% year-on-year.