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- Lucapa Diamond Company (LOM) sells seven diamonds from its Lulo mine in Angola for $30.1 million, equating to over $39,000 per carat
- The sold diamonds include a 170-carat fancy-coloured diamond dubbed the ‘Lulo Rose’ alongside three white Type IIa diamonds of over 100 carats
- Together, the diamonds weighed a combined 767 carats
- Lucapa is continuing to explore for potential primary-source kimberlites or lamproites its assets in across Angola, Australia and Botswana
- Shares in Lucapa Diamond Company are down 3.77 per cent to 5.1 cents at 11:07 am AEDT
Diamond miner Lucapa Diamond Company (LOM) has sold seven diamonds from its Lulo mine in Angola for $30.1 million, equating to over $39,000 per carat.
The company and its partners, Endiama E.P. and Rosas & Petalas, placed the “special sized” diamonds on international tender earlier this month. Together, the diamonds weighed a combined 767 carats.
The sold diamonds include a 170-carat fancy-coloured diamond dubbed the ‘Lulo Rose’ alongside three white Type IIa diamonds of over 100 carats and three other special-sized white Type IIa stones.
In late September, Lucapa announced it had recovered its 30th diamond of over 100 carats from Lulo, which has been in commercial production since 2015.
The company kicked off commercial production from its Mothae mine in Lesotho in 2019.
Meanwhile, Lucapa said it was continuing to explore for potential primary-source kimberlites or lamproites with its partners across the Lulo concession in Angola, the Brooking project in Australia, and the Orapa Area F project in Botswana.
Shares in Lucapa Diamond Company were down 3.77 per cent to 5.1 cents at 11:07 am AEDT.
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