The first parcel of Mothae exported to Antwerp
The
parcel consists of about 2,500 carats, including
Six top-colour Type
IIa Lulo white diamonds
Lucapa
Diamond provides an update on diamond sales from the Lulo alluvial diamond mine
in Angola.
As
previously advised, Lucapa has been supporting its Angolan Government partners
as Angola establishes the technical regulations for the recently-gazetted
diamond marketing policy being introduced as part of the Government’s diamond
sector reforms.
As
part of these discussions, Lulo alluvial mining company, Sociedade Mineira Do
Lulo, is preparing to sell certain select large premium-value diamonds in what
will be the first Lulo production to be sold through the new marketing
channels.
The
diamonds were extracted from run of mine production at Lulo and held over from
previous sales by SML in anticipation of the new marketing policy being
introduced. They include six top-colours Type IIa white diamonds weighing a
total of 449 carats, along with a 46 carat pink diamond.
Lucapa
Managing Director Stephen Wetherall commented: “The discussions with our
Angolan partners regarding the policy changes taking place in the Angolan diamond
sector have reached a stage where we are now able to plan for the sale of these
large premium-value Lulo diamonds held over from previous sales.”
“We
look forward to marketing these exceptional diamonds as soon as the necessary
arrangements are put in place to continue showcasing Angolan diamonds to the
world.”
The
large and premium-value diamonds noted above were excluded from recent sales of
Lulo diamonds. The latest run of mine production parcel of 2,531 carats
(excluding the 114 carat, 85 carat and 62 carat diamonds) achieved gross sale
proceeds of US$2.5 million (A$3.4 million), representing an average price per
carat of US$985 (A$1,355).
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