Diamond miner Lucapa sold $7.4 million from its seventh sale of alluvial diamonds from the Lulo mine in Angola, Mining Weekly reports. The tender saw the sale of 3,214 carats at an average price of $2,298 per carat.
In July, Lucapa announced that diamond production at its Lulo mine in Angola was up 63% year-on-year to 4,203 carats in the second quarter ended in June 2017. The diamond production increase was “generated from a 55% rise in mining volumes to 57,283 bulk cubic metres”, according to the report.
The average size of the diamonds recovered was steady at 1.3 carats, and sales totaled $4.8 million during the quarter – up 58%. According to the miner, “This took total sales for the first half of 2017 to $15.4 million”.
