Lucapa keeps momentum going with $9.3m tender

Image: Lucapa Diamond Company

Lucapa Diamond Company has achieved $9.3 million from the latest sale of diamonds from the Lulo and Mothae mines in Africa.

The company sold a total of 3274 carats of Lulo diamonds and 6617 carats of Mothae diamonds, which represented average prices per carat of $1517 and $662 respectively.

This latest sale took total sales of Lulo diamonds this year to $55.2 million and the sale of Mothae diamonds to $23.8 million.

Lucapa noted an increased level of buyer interest in the latest Mothae tender.

“This is consistent with recent positive commentary from other global diamond producers, indicating a general improvement in industry sentiment after a challenging period in 2019,” Lucapa managing director Stephen Wetherall said.

The company also recovered an 84-carat gem in its recent recoveries from Lulo, which will be part of the next sale parcel.

Lucapa also withheld from the sale a 220-carat Mothae diamond recovered in November. The company is considering it for cutting and polishing, along with a 46-carat Lulo pink.

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