Lulo diamond sales for A$2.7 mn

Lucapa Diamond Company Limited have completed the first sale of alluvial diamonds for H2 2018 from the Lulo Diamond Project in Angola. The parcel of 2,527 carats achieved gross sale proceeds of US$2.0 million (A$2.7 million), representing an average price per carat of US$800 (A$1,079).

 

This July sale excluded four large white Specials and a pink coloured Special which have been held for sale

later this year. These included three large white and a coloured Special recovered in H1 2018, along with a 114 carat diamond recovered earlier this month.

 

Subsequent to the ASX announcement of 11 July 2018, deep boiling of the 114 carat stone has confirmed it is a Type IIa top-colour white diamond.

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