Lucapa Diamond Company has announced the results from the latest sale of alluvial diamonds from the Lulo Diamond project in Angola.
According to the company, the parcel of 3,642 carats of Lulo diamonds sold for gross proceeds of A$5.8 million, representing an average sale price of A$1,606 pr carat.
“The sale parcel included a 28.5 carat light pink which is now the largest and most valuable coloured diamond recovered and sold to date, underlining the potential for Lulo to produce both large and premium-value gems,” Lucapa told the ASX.
“The diamond inventory held by Lulo company Sociedade Mineira do Lulo, Lda since the last sale cut off is 1,685 carats.”
Lucapa said the diamond production remained ahead of plan in August 2016 following the record monthly recoveries achieved at Lulo in July.
