Lucapa's Fifth Sale Of Alluvial Diamonds From Lulo In Angola Raises $1M
June 20, 17
(IDEX Online) – Lucapa Diamond Company Limited and its partners have completed the fifth sale for 2017 of alluvial diamonds from the Lulo diamond project in Angola, with 1,236 carats sold for $950,000.
The sale represented an average price per carat of $770, the miner reported.
The sale brought gross proceeds from Lulo diamond sales to date in 2017 to $15.4 million at an average price per carat of US$1,620.
As with the previous sale, the diamonds from the latest sale parcel were sourced primarily from Mining Block 28.
Mining has since returned to higher-value Mining Blocks 8 and 6 following the end of the Angolan wet season, Lucapa added.