Lucapa Diamond Company Limited (ASX:LOM) (“Lucapa” or the “Company”) and its Lulo Alluvial Diamond Mine partners, Endiama and Rosas & Petalas are pleased to announce the results of the recent exceptional stone tender which attracted US$15.7 million (A$24.5 million) for seven Lulo diamonds.
A total of 534.9 carats were sold by tender achieving an average price per carat of US$29,401. The tender was conducted by Sodiam E.P. in Luanda, Angola.
Of the seven exceptional diamonds sold in the tender, the 180-carat Type IIa white diamond recovered on 30 June 2023 and a 66 carat pink diamond attracted the highest prices per stone.
Other high-value diamonds included in the Lulo parcel were a 10-carat pink plus white diamonds weighing 96 carats, 77 carats and two weighing 51 carats each.
Lucapa CEO and Managing Director Nick Selby commented, “this tender demonstrates that the weakness being experienced currently in the smaller goods which go into the mainstream diamond jewellery market doesn’t seem to have translated into the large, high-quality stones, where demand and prices remain robust”.
