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Lucapa Diamond Company Ltd. (ASX:LOM) announced the sale of a seventh package of diamonds from its Angola-based Lulo diamond project. Proceeds will be used to fund operations at Lulo.
Lucapa Diamond Company Ltd. (ASX:LOM) announced the sale of a seventh package of diamonds from its Angola-based Lulo diamond project. Proceeds will be used to fund operations at Lulo.
As quoted in the press release:
The parcel of 1,339 carats of Lulo alluvial diamonds generated gross revenues of A$2.1 million (US$1.5 million), representing an average selling price of A$1,571 (US$1,120) per carat. As with the previous diamond sale, this price was achieved against a backdrop of soft conditions in the international diamond market.
The latest sale brings to A$17.9 million (US$14.4 million in US$ invoiced sales) the total proceeds generated to date from the sale of seven parcels of Lulo diamonds weighing 9,377 carats for an average overall selling price of A$1,910 per carat (US$1,532).
Click here to read the full Lucapa Diamond Company Ltd. (ASX:LOM) press release.
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