Diamond sale from Lulo mine in Angola fetches A$7.7 million

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Lucapa Diamond Company Limited and its partners Empresa Nacional de Diamantes E.P. (“Endiama”) and Rosas & Petalas have announced the results of the first diamond sale of 2021 by Sociedade Mineria Do Lulo (“SML”) from its Lulo alluvial mine in Angola.

The rough diamond parcel of 4,273 carats was sold for a total of US$5.9 million (A$7.7 million) or US$1,375 (A$1,793) per carat.

Lulo diamonds
Selected Lulo diamonds from the sale

Lucapa Managing Director, Stephen Wetherall said, “As with the first sale of Mothae
diamonds in 2021, prices achieved by SML at this sale continued to reflect the positive industry mood, and with sales from both operations in 2021 already totalling A$15m, it has been a solid start to the year.”