Lucapa sells $1.7m diamond parcel from Lulo

By Megan van Wyngaardt      / March 05, 2018 / www.miningweekly.com / Article Link

JOHANNESBURG (miningweekly.com) - Angola-focused diamond miner Lucapa Diamond Company sold 2 072 ct of diamonds recovered from the Lulo mine, achieving gross proceeds of $1.7-million during its second sale for the year.

This represented an average price per carat of $804. The ASX-listed miner said the largest diamond in the sale parcel weighed 44 ct, which also included a vivid pink of 1.9 ct.

Advertisement

The latest sale brought gross proceeds from Lulo diamonds sales to date in 2018 to $10.8-million at an average price per carat of $1 731.

Meanwhile, the regular production of large specials - diamonds larger than 10.8 ct - has continued at Lulo, with the latest recoveries including specials weighing 85 ct and 52 ct.

Advertisement

Recent News

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com

US$ and bonds not the safe havens normally expected

April 14, 2025 / www.canadianminingreport.com

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com

Gold stocks succumb only on second day of plunge

April 07, 2025 / www.canadianminingreport.com

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok