Lucapa Sells $6.2M of Rough Stones

RAPAPORT… Lucapa Diamond Company garnered $6.2 million at a tender of
rough stones from its Lulo and Mothae mines, bringing the total to $35.5
million for the year to date.



The miner sold 3,558 carats from its Lulo mine in Angola, bringing in $4.4 million at
an average price of $1,234 per carat, it reported Thursday. The company also sold 4,376 carats from
the Mothae mine in Lesotho for a total of $1.8 million, equating to an average price of $400 per carat. 


Lucapa held back a 46-carat pink diamond from Lulo, as well as
a 36-carat, D-color stone from Mothae, both of which it plans to cut and polish
in-house to maximize profits, it noted.


So far this year, total sales of Lulo rough have come to
$26.5 million, while rough from Mothae has fetched $9 million.



Lucapa will hold its next diamond tender at the end of the
third quarter.


Image: Lulo diamonds from the sale. (Lucapa Diamond Company)