- Lucapa Diamond Company (LOM) and its partner have sold a second batch of diamonds from the Mothae kimberlite mine in Lesotho for $7.6 million
- The 5619-carat parcel of rough diamonds sold for US$1050 (roughly A$1,359) per carat, or US$5.9 million (around A$7.6 million) altogether
- The sale included a 215-carat D-colour stone, plus an 11-carat pink diamond
- Lucapa is trading flat at 6.4 cents
Lucapa Diamond Company (LOM) and its partner have sold a second batch of diamonds from the Mothae kimberlite mine in Lesotho for $7.6 million.
Lucapa is a diamond producer with high-value mines in Angola and Lesotho. The company, along with its partner, the Government of the Kingdom of Lesotho’s Mothae mine, has produced five diamonds of more than 100 carats to date
The 5619-carat parcel of rough diamonds sold for US$1,050 per carat (roughly A$1359) or US$5.9 million (around A$7.6 million). The sale included a 215-carat D-colour stone and an 11-carat pink diamond.
Mothae, as a result of the strong production and sales results, has repaid US$2 million (around A$2.6 million) to Lucapa in respect of the loan advanced for the development, construction and expansion of the mine.
“Since re-opening following the six-month COVID-19 suspension, Mothae has shown its quality with regular recoveries of large and high-value diamonds leading to run-of-mine diamond prices above US$1000 (about A$1300) per carat for the second sale running,” said Lucapa Managing Director, Stephen Wetherall.
“This is more than 75 per cent above the average diamond price budgeted for Mothae in 2021 and the mine is still to accrete its 50 per cent share of profits from the new cutting and polishing partnership arrangement.”
Lucapa is trading flat at 6.4 cents at 10:10 am AEDT.