Lucapa Sells Third Package of Lulo Diamonds for AU$790,000

Lucapa Diamond Company Ltd. (ASX:LOM) announced that it’s sold a third parcel of diamonds from its Angola-based Lulo diamond concession for gross proceeds of AU$790,000.

The company plans to sell its next parcel of gems from the project in May 2015. It will likely include production from February and March 2015.

As quoted in the press release:

The parcel comprised 1,450.16 carats which achieved an average sale price of A$544/carat (US$420/carat). As per previous sales, the sale of the third parcel of Lulo diamonds was conducted by the Angolan Government diamond marketing agency SODIAM, in the Angolan capital of Luanda.

The latest sale brings to A$6.8 million the gross proceeds generated from the sale of three parcels of Lulo alluvial diamonds weighing a total of 2,317.71 carats.

Unlike the first two parcels, the third parcel of Lulo diamonds did not comprise many large premium-value special diamonds.

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