HomeCentral AfricaSale of Lulo diamonds fetch US$6,6 million

Sale of Lulo diamonds fetch US$6,6 million

Lucapa Diamond and its partners have announced the results from the latest sale of diamonds from the Lulo alluvial diamond mine in Angola, Sociedade Mineira Do Lulo (SML).

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A total of 4,269 carats of Lulo diamonds sold for gross proceeds of US$6.6 million on a 100% basis, representing an average price of US$1,550/carat.

Sales year to date amounts to US$28.0 million (A$40.1 million) from 20,397 carats at US$1,371/carat.