Lucapa Posts Record Production and Revenue in 2021
Lucapa Diamond has announced that in 2021, it has recovered a record 24,595 carats – a 4% year-on-year growth, Rough & Polished reports. 783 diamonds recovered were greater than 4.8 carats.
The company’s 40%-owned Lulo mine “also set a new annual revenue record in 2021, achieving revenues of $78.1 million for 27,817 carats sold at an average diamond price of $2,808.” The increase in revenue was attributed to the rebounding demand for diamonds. According to Lucapa, rough prices increased by more than 30% across the board in 2021.
Lucapa’s MD Stephen Wetherall said: “2021 was a year of operational growth and consolidation for Lucapa. We achieved record operational and financial performances […]”.