News Bureau

September 18, 2020

Lulo diamonds sell for A$3.2 million!

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”.


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