Diamond miner Lucapa Diamond Company has announced revenues of A$15.7 million from the sale of seven exceptional diamonds from its Lulo operation, in Angola.
The company sold 534.9 carats by tender, achieving an average price of $29,401 per carat. Of the seven diamonds sold during the tender, the 180-carat Type II white diamond recovered in June this year, and a 66-carat pink diamond, attracted the highest prices per tonne.
“This tender demonstrates that the weakness being experienced currently in the smaller goods which go into the mainstream diamond jewelry market doesn’t seem to have translated into the large, high-quality stones, where demand and prices remain robust,” said Lucapa MD and CEO Nick Selby.
Other high-value diamonds included in the parcel were a 10-carat pink as well as white diamonds weighing 96 carats, 77 carats, and two weighing 51 carats each.
