RAPAPORT… Lucapa Diamond Company brought in $1.5 million at a sale of goods from its Mothae mine, with individual stones fetching up to $15,000 per carat.
The Australia-based miner sold 4,000 carats of rough diamonds it recovered during initial bulk sampling at its asset
in Lesotho, which began commercial production earlier this month, it said Thursday.
Last week, Lucapa recovered a 78-carat white diamond from the mine, indicating
the presence of large stones, it said. Earlier this year, the miner unearthed
two large yellow diamonds weighing 89 carats and 25 carats from the deposit.
Lucapa has also received $7 million in development funding
for Mothae from the Industrial Development Corporation of South Africa (IDC),
it added. The financing will be active for four years.
Image: The 78-carat diamond from the Mothae mine. (Lucapa Diamond Company)
Lucapa Sells Mothae Rough for up to $15K/ct.
The Bottom Line
- Lucapa generated $1.5 million from selling 4,000 carats of rough diamonds recovered during initial bulk sampling at Mothae.
- Individual stones from the Mothae mine sold for up to $15,000 per carat, highlighting the presence of high-value gems.
- The company secured $7 million in development funding from South Africa’s Industrial Development Corporation, supporting Mothae’s commercial production.
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