Lucapa Diamond Company and its partners have announced the results from the latest sale of diamonds from the Lulo alluvial diamond mine in Angola.
A total of 3,862 carats of Lulo diamonds sold for gross proceeds of US$5.6 million on a 100% basis, representing an average price of US$1,450/carat.
Total sales year to date amount to 16,128 carats for US$21.3 million or US$1,323/carat.
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Lucapa MD Stephen Wetherall comments:
“As foreshadowed, the strong operational performance and record diamond recoveries at Lulo in July and August, together with a recovering diamond demand positively impacting prices, should bode well for Lulo in H2 2020.”