Lulo diamonds sell for more than $9 million

Lucapa Diamonds has sold $9.1 million worth of diamonds from its Lulo project in Angola, at the completion of its second sale for 2017.

The company, together with partners Empresa Nacional de Diamantes and Rosas & Petalas, sold a parcel of 1552 carats of Lulo diamonds for an average price of $5839 per carat.

The sale included the massive 227 carat Type IIa D colour diamond unearthed in February this year.

This comes after the company’s first sale for 2017 last month, which recorded $4.9 million worth of sales.

It brings the total gross proceeds achieved at Lulo so far this year to $14 million.

Lucapa has also cited another milestone where all sales of Lulo diamonds have now exceeded $100 million.

The diamonds were sold by Lulo diamond mining company Sociedade Mineira Do Lulo (SML), which has unearthed more diamonds for the next diamond sale. These included 65, 62, and 25 carat diamonds.

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