LUCAPA’S ACHIEVES $800 PER CARAT IN LATEST DIAMOND SALE
Lucapa Diamond Company has announced the results of its the first sale of alluvial diamonds for H2 from its Lulo Diamond Project in Angola. The miner sold a parcel of 2,527 carats, raking in $2 million, which represents an average price per carat of US$800.
In mi-July, Lucapa recovered a 114-carat diamond from its Lulo Diamond Project in Angola. The 114 carat diamond was recovered from alluvial Mining Block 6, and constitutes the 11th +100 carat diamond recovered to date and the third so far in 2018. In its latest announcement, Lucapa says that “deep boiling of the 114-carat stone has confirmed it is a Type IIa top-colour white diamond”.
Earlier this month, Lucapa reported on its production and sales performance in the second quarter (ended June 30, 2018), showing that sales from Lulo rose 6% year on year to $5 million and $15.9 million for H1 2018 – an increase of 3% year-on-year.