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Lucapa’s Lulo rakes in $6.6mln from alluvial diamonds sale

01 december 2020
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Image credit: Lucapa Diamond

Lucapa Diamond says its 40%-owned Lulo alluvial diamond mine in Angola, Sociedade Mineira Do Lulo (SML) has earned $6.6 million from its latest rough diamonds sale.
The ASX-listed diamond company said 4,269 carats of Lulo diamonds were sold at an average price of $1,550 per carat.
Sales year to date amounts to $28.0 million from 20,397 carats at $1,371 per carat.
The Lulo alluvial mine, which is also partly-owned by Endiama and Rosas & Petalas, has produced 15 +100 carat diamonds to date and is one of the highest average US$ per carat alluvial diamond producers in the world. 
Lucapa and its partners are also conducting a kimberlite exploration to discover the primary hard-rock source of the Lulo alluvial diamonds.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished