Mothae diamonds sell for US$1.5mn
Mothae produce large and high-value diamonds Lucapa Diamond Company announced the results of the third diamond sale in 2021 from the Mothae kimberlite mine in Lesotho. The 3,617 carat parcel of rough diamonds was sold for US$420/ carat or US$1.5 million (A$2.0 million or A$543/ carat). As per the Diamond Sales and Purchase Agreement with Safdico International, Mothae will receive a minimum average cash flow value of US$630/ carat for the first twelve months of the Agreement. The difference between minimum average cash flow value and the selling price will be recouped by Safdico from sales delivered in the future with an average price higher than US$630/ carat. As per the Mothae JORC Resource Statement announced to the ASX on 15 October 2020, the South lobe of the Mothae kimberlite has an expected modelled value range of US$377 to US$748 for its three zones (average of US$635/ carat). The total average diamond price achieved in the three sales to date in 2021 is US$93...