Lucapa Sells Lulo Alluvial Parcel for $300,000‎

January 27, 2016

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January 28, 16 by David Brummer

(IDEX Online News) – Lucapa diamonds has sold the ninth parcel of alluvial diamonds from its Lulo Diamond Project in Angola.

 

The 178-carat parcel, the smallest to date, generated gross revenues of AUD$420,000 ($295,970) – an average selling price of AUD$ 2,360 ($1,663).

 

This latest sale included the 66.4-carat Lulo diamond, the recovery of which the company announced in December, but not the recently recovered 133.4-carat stone from Mining Block 6.

 

Total gross revenues from the sale of 10,372 carats of Lulo diamonds is AUD$19.2 million ($15.5 million) – or AUD$1,855 ($1,310) per carat.

 

Lucapa’s next sale of Lulo diamonds is scheduled for February.

Category: Diamond