|Lucapa Diamond Company Limited (Lucapa) and its partners, Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas, have announced the completion of the seventh sale for 2017 of alluvial diamonds from the Lulo Diamond Project in Angola.
The sale of 3,214 carats of Lulo diamonds reportedly achieved gross proceeds of US$7.4 million (A$9.2 million), representing an average price per carat of US$2,298.
The sale parcel reportedly included Type IIa gems weighing 83 carats and 58 carats, as well as colored stones.
The latest sale brought gross proceeds from Lulo diamond sales to date in 2017 to US$24.3 million at an average price per carat of US$1,640.
The diamonds from the latest sale were predominantly recovered from the high-value Mining Block 8 area at Lulo, where mining operations continue, says Lucapa.