Lucapa Diamond Company has set the next sale of alluvial diamonds from the Lulo Diamond Project in Angola for early 2018. According to the company, “the timing of this sale is designed to maximise sale proceeds by selling into a usually stronger demand period at the beginning of the year”.
The next sale parcel will include 2,160 carats of Lulo production, including the exceptional 129 carat and 78 carat Type IIa D-colour Lulo diamonds recovered from Mining Block 6 in November 2017.
In November, Lucapa achieved gross proceeds of $7.3 million from its eighth sale for 2017 of alluvial diamonds from Lulo. A total of 4,126 carats were sold, and the sale raked in $1,770 per carat. The sale brought gross proceeds from Lulo diamond sales in 2017 to $31.6 million at an average price per carat of $1,668.
