LUCAPA RAKES IN $55 MILLION FROM DIAMOND SALES IN 2019
Lucapa Diamond Company’s latest December sale of diamonds from the Lulo mine in Angola and the Mothae kimberlite mine in Lesotho have brought $6.4 million for the company. In 2019, Lucapa’s diamond sales amounted to $55 million.
In the latest sale, a total of 3,274 carats of Lulo diamonds sold for gross proceeds of $3.4 million – achieving an average price per carat of $1,037. This brought the total 2019 sales of Lulo diamonds to $38.5 million ($1,918 per carat). Additionally, a total of 6,617 carats of Mothae diamonds were sold for $3 million ($455 per carat). This brought the total 2019 sales of Mothae diamonds to $16.5 million ($575 per carat).
Lucapa added that there was an “increased level of buyer interest noted” in the latest Mothae tender which “is consistent with recent positive commentary from other global diamond producers, indicating a general improvement in industry sentiment after a challenging period in 2019”.