ASX-listed Lucapa Diamonds, Empresa Nacional de Diamantes E.P. and Rosas & Petalas, have completed the second sale for 2018 of diamonds from the Lulo diamond project in Angola.
The sale of 2 072 carats of Lulo diamonds achieved gross proceeds of US$1.7 million,
representing an average price per carat of $804.
The largest diamond weighed 44 carats in the sale parcel, which also included a vivid pink of 1.9 carats.
The latest sale brought gross proceeds from Lulo diamonds sales to date in 2018 to $10.8 million at an average price per carat of $1,731.
Meanwhile, the regular production of large specials (+10.8 carat diamonds) has continued at Lulo, with the latest recoveries including specials weighing 85 carats and 52 carats.
Lucapa is a growing diamond company with a portfolio of high-quality production, development and exploration assets in Angola, Lesotho, Australia and Botswana.
Lucapa’s focus on high-value diamond production is designed to protect cash flows in a sector of the diamond market where demand remains robust.
Lucapa’s flagship asset is the Lulo diamond project in Angola, which is a prolific producer of large and premium-value alluvial diamonds.
Lulo has produced 10 +100 ct diamonds to date and is the highest $ per carat alluvial diamond production in the world.
Lucapa and its Lulo partners continue to advance their search for the primary kimberlite sources of these exceptional alluvial gems, with three drill rigs now available in the ongoing kimberlite exploration program.