A$2.7 mn from Lulo diamond sales

Lucapa Diamond Company have completed a further sale of alluvial diamonds from the Lulo Diamond Project in Angola. The parcel of 1,782 carats achieved gross sale proceeds of US$2.0 million (A$2.7 million), representing an average price per carat of US$1,150 (A$1,530).

 

The sale excluded a number of large white Specials and a coloured Special recovered which were not presented for sale and were held for a future sale. The sale took gross proceeds from Lulo diamond sales to date in H1 2018 to US$15.9 million (A$20.2 million) at an average price per carat of US$1,642 (A$2,093).

 

Lucapa’s flagship asset is the Lulo Diamond Project in Angola, which is a prolific producer of large and premium-value alluvial diamonds. Lulo has produced 10 +100ct diamonds to date and is the highest US$

per carat alluvial diamond production in the world.

 

Lucapa and its Lulo partners continue to advance their search for the primary kimberlite sources of these exceptional alluvial gems, with three drill rigs available in the ongoing kimberlite exploration program.

•