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LUCAPA RAKES IN $55 MILLION FROM DIAMOND SALES IN 2019

Lucapa: Results are "consistent with recent positive commentary from other producers"
lucapa large white diamond
Credit: Lucapa

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.

 

rough diamonds mothae Lucapa
Credit: Lucapa

 

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 rough diamonds
Credit: Lucapa

 

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”.



Tags: Diamonds News, Diamond Industry News, Diamond Prices News, Lucapa News

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