Lucapa Diamond Co Ltd recently sold a total of 1,236 carats of alluvial diamonds from its Lulo Diamond Project in Angola as part of its 5th sale for 2017.
Lucapa, along with its partners Empresa Nacional de Diamantes EP and Rosas & Petalas, achieved gross proceeds of $950,000, representing an average price per carat of $770.
The sale brought gross proceeds from Lulo diamond sales to date to $15.4 million at an average price per carat of $1,620.
Similar to Lucapa’s previous sales, the latest diamond parcel was sourced primarily from mining block 28 at Lulo.
Mining has since returned to higher-value mining blocks 8 and 6 following the end of the Angolan wet season, revealed Lucapa.