Lucapa Diamond Sells Fifth Diamond Parcel from Lulo for AU$1.02 Million

Lucapa Diamond Company Ltd. (ASX:LOM) announced that it’s sold a fifth parcel of diamonds from its Angola-based Lulo project. The parcel consisted of 2,559 carats and was sold for gross revenues of AU$1.02 million.
As quoted in the press release:

As with previous sales, the Lulo project partners will use the proceeds from the alluvial diamond sale to fund ongoing operations at Lulo.
The sale brings to A$10.7 million the total proceeds generated from the sale of five parcels of Lulo diamonds totalling 6,415 carats for an average overall sale price of A$1,668 per carat.
The average sale price from the latest parcel of Lulo diamonds was down on that achieved in the previous four parcels for two main reasons – a softer international market and pricing environment for rough diamonds and the absence of any significant premium-value gems in the sale parcel, such as the 63.05 carat Type IIa D-colour Lulo gem included in the previous sale.

Click here to read the full Lucapa Diamond Company Ltd. (ASX:LOM) press release.