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Lucapa Sells Lulo Rough for $1.7M

The second sale of the year from Lulo yields lower numbers than previous month.
Mar 6, 2018 4:04 AM   By Rapaport News
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RAPAPORT... Lucapa Diamond Company garnered $1.7 million at its second rough sale of 2018, achieving an average price of $804 per carat.

The miner sold 2,072 carats at the tender, it said in a recent statement. The diamonds are from the company’s Lulo alluvial mine in Angola. The largest stone Lucapa sold weighed 44 carats. The company also offered a 1.9-carat vivid pink diamond.

Lucapa’s first tender of 2018 yielded $9.1 million in sales, at an average price of $2,192 per carat. Together with the second tender, total sales from Lulo diamonds came to $10.8 million for the year to date.

Other than Lulo, Lucapa owns a 70% stake in the Mothae project in Lesotho, with the remaining 30% held by the government. Additionally, the miner is carrying out exploration at the Brooking lamproite project in Western Australia.
Tags: alluvial mine, Angola, Brooking lamproite, Lesotho, lucapa, Lucapa Diamond Company, Lulo, Mothae, Rapaport News, rough, Western Australia
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