Lulo announced first diamond sale of 2021!
Sells the rough diamond parcel of 4,273 carats First diamond sale earns US$1,375 per carat Lucapa Diamond Company and its partners Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas are pleased to announce the results of the first diamond sale of 2021 by Sociedade Mineria Do Lulo from its Lulo alluvial mine in Angola. The rough diamond parcel of 4,273 carats was sold for a total of US$5.9 million (A$7.7 million) or US$1,375 (A$1,793) per carat. Lucapa Managing Director, Stephen Wetherall commented “As with the first sale of Mothae diamonds in 2021, prices achieved by SML at this sale continued to reflect the positive industry mood, and with sales from both operations in 2021 already totalling A$15m, it has been a solid start to the year.” Lucapa is a niche diamond producer with high-value mines in Angola (Lulo) and Lesotho (Mothae). The Lulo alluvial mine and Mothae kimberlite mine both produce large and high-value diamonds, with >75% of revenues g...