Lucapa Diamond Company has announced the completion of the first sale for 2018 of alluvial diamonds from the Lulo Diamond Project in Angola.
The company sold 4,170 carats of Lulo diamonds, achieving gross proceeds of $9.14 million (A$11.43 million), which according to the company represent “an exceptional average price per carat of $2,192”. The latest sale takes total sales of Lulo diamonds to $106.81 million at $2,118 per carat.
Last month, Lucapa recovered a 43 carat yellow diamond from Lulo. Another diamond, a 116 carat low-quality stone, was also recovered. According to Lucapa, the 43-carat yellow is “the largest coloured gem-quality diamond recovered to date from Lulo, surpassing the 39 carat pink recovered in September 2016”. The 116-carat stone is the 10th +100 carat diamond recovered to date from Lulo and the second +100 carat recovered within the first three weeks of 2018.
