Lucapa Diamond sells 817.6 ct of Lulo diamonds for US$654,000
Friday, 18 December 2015 15:16
Lucapa Diamond Company Ltd, which owns a large diamond concession in Angola, announced on December 18, 2015, it sold its eighth parcel of alluvial diamonds, totaling 817.6 carat, from its Lulo project in Angola for gross revenue of 654,000 USD.
This represents an average selling price of US$800/ct, said the diamond company which is listed on Australian and Frankfurt Stock Exchanges.
It also revealed that it sold a total of 10,194 carat of Lulo diamonds, in eight parcels, for gross proceeds of A$18.8 million.
The dual-listed Australian company welcomed the global sales, with overall average selling price of A$1,846 per carat, which “attests of the exceptional quality and value of the Lulo gems”.
In Angola, Lucapa Diamond operates the 3,000km2 Lulo diamond concession and owns since November 2014, a 35-year operating licence for alluvial diamond in a 218km2 area which covers more than 50km of the Lulo Cacuilo river.
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