Lucapa Diamond Company, which operates the Lulo Diamond Project in Angola, has reported on its production and sales performance in the second quarter (ended June 30, 2018).
Lucapa’s diamond inventory stood at 2,755 carats at 30 June 2018 – up 61% year-on-year. Sales from Lulo rose 6% year on year to $5 million in the second quarter and $15.9 million for H1 2018 – an increase of 3% year-on-year. The diamonds were sold at an average price per carat of $1,479 for the quarter.
5,058 carats of diamonds were produced at Lulo – an increase of 20% year-on-year. The number of Special diamonds recovered was up 7% to 61, bringing to 118 the total number of Specials produced in H1 2018 (up 24%). Specials recovered during the period included the largest coloured diamond recovered to date from Lulo (46 carats) and three +70 carat diamonds.
