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Lucapa Diamond Company Ltd. (ASX:LOM) announced that it’s sold a sixth parcel of alluvial diamonds from its Angola-based Lulo project. The parcel of 1,621 carats sold for gross revenues of about AU$5.1 million; that’s an average sale price of AU$3,132 per carat.
Lucapa Diamond Company Ltd. (ASX:LOM) announced that it’s sold a sixth parcel of alluvial diamonds from its Angola-based Lulo project. The parcel of 1,621 carats sold for gross revenues of about AU$5.1 million; that’s an average sale price of AU$3,132 per carat.
As quoted in the press release:
The sale brings to A$15.8 million (US$12.9 million in invoiced US$ sales) the total sales proceeds generated to date from the sale of six parcels of Lulo diamonds weighing 8,037 carats for an overall average selling price of A$1,966/carat (US$1,600/carat in invoiced US$ sales).
The diamonds in the latest sale parcel were predominantly recovered from mining operations up to 26 September 2015 at the prolific Mining Block 8 alluvial diamond field, where Lucapa and its Lulo partners continue to recover large special diamonds (weighing more than 10.8 carats) on a regular basis.
The Mining Block 8 diamonds — including all diamonds recovered from recent mining and preliminary alluvial bulk sampling — have achieved average selling prices of approximately A$4,500/carat (US$3,300/carat).
Click here to read the full Lucapa Diamond Company Ltd. (ASX:LOM) press release.