Lucapa scores $68m in diamond sales

Diamonds from the Mothae sale parcel. Image: Lucapa Diamond Company

Lucapa Diamond Company has fetched $US10.4 million ($15.5 million) in its latest sales of diamonds from the Lulo and Mothae mines in Lesotho.

This has taken the combined 2019 sales from both mines to $US45.9 million ($68 million) to date.

A total of 5469 carats of Lulo diamonds sold for gross proceeds of $US5.9 million, representing an average price per carat of $1087.

This took total sales of Lulo diamonds to date this year to $US32.4 million at an average price per carat of $US2155.

These figures do not include the 46 carat pink diamond, which has been exported to Antwerp and being assessed for polishing.

Meanwhile from Mothae, Lucapa sold 5307 carats of diamonds for gross proceeds of $US4.4 million, representing an average price per carat of $US837 for all production and $US1031 per carat for diamonds in the 11-plus sieve size fraction.

The 64-carat D-colour Type IIa stone included in the sale parcel became the first commercially produced diamond from Mothae sold for a price exceeding $US1 million.

The latest sale took total Mothae sales to date in 2019 to $US13.5 million at an average price per carat for all production of $US610 and $US750 for diamonds in the 11-plus sieve size fraction.

This sales announcement came after Lucapa declared a quarterly group record production of 14,610 carats.

Lulo produced 7603 carats, a 67 per cent increase from the September 2018 quarter and almost doubling its June result.

Mothae accomplished its highest quarterly result to date since production started at the Lesotho mine in January 2019, producing 7007 carats, 30 per cent ahead of plan.

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.