RAPAPORT… Lucapa Diamond Company garnered $10 million at its second
rough sale of 2019, achieving an average price of $1,800 per carat.
The miner sold 5,573 carats at the tender, it said Monday.
The diamonds are from the company’s Lulo alluvial mine in Angola. Tender sales came to $22.1 million for the
first half of 2019, at an average of $3,668 per carat.
The miner held back some special stones, which it will keep
in its inventory, including a 130-carat, D-color, type IIa stone it found last
month, and a 46-carat pink diamond it recovered a year ago.
Other than Lulo, Lucapa owns a 70% stake in the Mothae mine
in Lesotho, with the government holding the remaining 30%. Additionally, the
miner is carrying out exploration at the Brooking lamproite project in Western
Australia and at its Orapa site in Botswana. Those two projects are temporarily
on hold while the company focuses on increasing production from Lulo and
Mothae.
Image: Diamonds from the Lulo tender. (Lucapa Diamond Company)
Lulo Rough Fetches $10M at Tender
The Bottom Line
- Lucapa's second 2019 rough tender from Lulo yielded $10 million, averaging $1,800 per carat for 5,573 carats sold.
- The company withheld special stones, including a 130-carat D-color type IIa and a 46-carat pink diamond, for its inventory.
- Lucapa focuses on increasing production at Lulo and Mothae mines while pausing exploration at Brooking and Orapa projects.
More Stories
Qatar Diamond Exchange to Collaborate with Italian Bourse
Parties signed MoU to extend connection among their members, broaden cooperation and advance commercial relationships.
China Signs Deal to Reinvigorate Interest in Natural Diamonds
Shanghai Diamond Exchange hosts signing of Beijing Declaration, with government representatives from Botswana, Namibia and South Africa.
AI, Gen Z Are Hot Topics at AGS Conclave
This year’s edition is last to take place in September, as event returns to spring in 2027.
