Industry News by Nemesis

Lucapa Rough Sale Yields $4M

February 13, 2017

Lucapa Diamond Company sold $3.8 million (AUD 4.9 million) of rough diamonds at a recent sale of goods from the Lulo mine in Angola.

The parcel of 2,946 carats garnered an average price of $1,276, Lucapa said. A 75-carat stone recovered in November and a 55-carat diamond extracted in December were among the items sold. 

Lucapa also said it found a 227-carat rough diamond, the second-largest recovered to date at its Lulo mine. The latest discovery took place about a year after the company recovered the largest rough diamond in Angola’s history in February 2016, weighing 404 carats. 

 

Source: Rapaport

 

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