GJ Town India

  Lucapa Diamond Company announces the results from the latest sale of diamonds from the Lulo alluvial diamond mine in Angola. A total of 3,477 carats of Lulo diamonds sold for gross proceeds of US$2.3 million (A$3.2 million) on a 100% basis, representing an average price of US$663 (A$911)/ carat. Total sales at year to date amounted to 12,266 carats for US$15.7 million (A$23.2 million) or US$1,283 (A$1,892)/ carat at Lulo diamonds. Lucapa Managing Director Stephen Wetherall commented: “SML has delivered strong operational performances soon after recommencing operations following the lockdown.  Although the average diamond size in this sale parcel was smaller than average, the encouraging signals being seen in the industry currently have led to upward price movements across a number of diamond categories.   That together with the record recoveries from the leziria areas suggests Lulo should have a much improved second half in 2020”.  

130 carat Type IIa white and 46 carat pink still at Lulo inventory Lucapa Diamond Company and its partners announce the results from the latest sale of diamonds from the Lulo alluvial mine in Angola. The run of mine parcels totalling 5,573 carats of Lulo diamonds achieved gross revenues of US$10.0 million (A$14.5 million), representing an average price of US$1,800 per carat. This took total sales of Lulo diamonds to date in H1 2019 to US$22.1 million achieving an average price per carat of US$3,668, further underling Lulo’s status as the world’s highest average price alluvial diamond production. The sale excluded several high-value diamonds which remain held in inventory by Lulo alluvial mining company Sociedade Mineira Do Lulo.  These diamonds include the 130 carat Type IIa D-colour diamond and a 46 carat pink. As previously foreshadowed, SML is undertaking a self-funded expansion of its Lulo diamond mining operations to deliver a ~50% increase in annualised ...

Unearths 128 carat of top colour white Type IIa stone Lucapa Diamond announces the recovery of a 128 carat diamond from the Lulo alluvial mine in Angola. The 128 carat diamond is the 12th +100 carat diamond recovered to date from Lulo, continuing to underline the large-stone nature of the prolific Lulo diamond field. It was among the Specials recovered recently from Mining Block 6, along with a 7.5 carat fancy purple pink gem. Testing on a Yehuda colorimeter has confirmed the 128 carat stone is a top-colour white Type IIa diamond. 128 carat top-colour white Type IIa diamond, the 12th +100 carat diamond recovered to date from Lulo The recovery of the 128 carat diamond and 7.5 carat fancy purple pink follows the recent historic tender of seven large, top-quality Lulo diamonds achieving US$16.7 million (US$22.9 million) at an exceptional average price of US$33,530 per carat in the first international sales event under Angola’s new diamond marketing regulations. Th...