- Lucapa Diamond Company’s (LOM) first diamond sale of 2021 has gone for nearly $7.2 million
- Lucapa is a niche diamond producer with high-value mines in Angola (Lulo) and Lesotho (Mothae)
- This is the highest dollar per-carat price ever achieved by Mothae
- The sale included a number of diamonds weighing more than 10.8 carats, including the 101 carat D colour diamond recovered following re-opening of the mine at the end of 2020
- Lucapa Diamond is trading steady at 7.2 cents
Lucapa Diamond Company (LOM) and its partner, the Government of the Kingdom of Lesotho, has sold 4676 carats of rough diamonds for around $7.2 million.
Lucapa is a niche diamond producer with high-value mines in Anglo (Lulo) and Lesotho (Mothae).
The Lulo alluvial mine and Mothae kimberlite mine both produce large and high-value diamonds, with more than 75 per cent of revenues generated from the recovery of more than 4.8-carat stones.
These are the first diamonds sold in 2021 from the Mothae kimberlite mine in Lesotho, and the highest average dollar per carat price achieved by Mothae on the sale of any run of the mine production parcel.
The sale included a number of diamonds weighing more than 10.8 carats, including the 101-carat D colour diamond recovered after the mine reopened at the end of 2020.
“Following a tough 2020, where both of our mines were impacted by the pandemic, our valued teams have shown their resilience and operations have bounced back strongly,” said Lucapa Managing Director, Stephen Wetherall.
“The good recoveries at both mines and growing demand leading to strengthening diamond prices has seen a strong start to 2021,” he continued.
The Managing Director says he looks forward to Mothae receiving a value boost following the implementation of the cutting and polishing, and to completing the expansion at Mothae within the next few months.
Lucapa Diamond is trading steady at 7.2 cents per share at 10:22 am AEDT.