HomeCentral AfricaLucapa's Lulo mine totals $4.4 million from latest sale

Lucapa’s Lulo mine totals $4.4 million from latest sale

Lucapa reported that the Lulo diamonds parcel of 3 642 ct included a 28.5 carat light pink diamond which is now the largest and most valuable coloured diamond sold from the mine to date, underlining the potential for the Angola-based Lulo to produce both large and premium-value gems.

Also, the latest sale parcel from Lulo diamonds, included a a 49.8 carat, type-IIa white diamond and two light fancy yellows weighing 11.9 carats and 10.9 carats.

The diamond inventory held by Lulo mining company Sociedade Mineira de Lulo since the last sale cut off is 1 685 carats.

Diamond production remained ahead of plan in August 2016 following the record monthly recoveries achieved at Lulo in July 2016.