RAPAPORT… Lucapa Diamond Company’s sales from its Lulo mine rose 6%
year on year to $5 million in the second quarter, it said Thursday.
The average price of rough diamonds from the Angola asset
jumped 56% to $1,479 per carat for the three months ending June 30. Production
increased 20% to 5,058 carats, including 61 stones weighing more than 10.8
carats.
Sales rose 3% year on year to $15.9 million for the first
half, while production for the same period climbed 15% to 9,566 carats.
Lucapa’s rough-diamond inventory from Lulo grew 61% to 2,755
carats as of June 30 versus a year earlier, the miner said.
Sales and Output Rise at Lucapa
The Bottom Line
- Second-quarter sales from Lulo increased 6% year over year to $5 million.
- Average price per carat rose 56% to $1,479, while production grew 20% to 5,058 carats.
- First-half sales climbed 3% to $15.9 million, with production up 15% to 9,566 carats and inventory rising 61% to 2,755 carats.
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