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Lucapa Sells Eighth Diamond Package from Lulo Project

Lucapa Diamond Company Ltd. (ASX:LOM) announced that it’s sold an eighth package of diamonds from its Angola-based Lulo diamond project.

As quoted in the press release:

The parcel of 817.6 carats of Lulo alluvial diamonds generated gross revenues of A$920,000 (US$654,000), representing an average selling price of A$1,123 per carat (US$800).

The sale brings the total sales of Lulo diamonds to 10,194 carats.

The eight parcels of Lulo diamonds have generated gross sales proceeds of A$18.8 million (US$15 million in US$invoiced sales) for an average overall selling price of A$1,846 per carat, underlining the exceptional quality and value of Lulo gems.

Recent recoveries of large specials (diamonds weighing more than 10.8 carats) from Mining Block 8 at Lulo post the latest diamond sale include a 66.36 carat D-colour diamond.

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


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