Image credit: Lucapa Diamond
The diamond junior, which owns Lulo together with Endiama and Rosas & Petalas, said total sales year to date amounted to 16,128 carats for $21.3 million or $1,323 per carat.
“As foreshadowed, the strong operational performance and record diamond recoveries at Lulo in July and August, together with a recovering diamond demand positively impacting prices, should bode well for Lulo in H2 2020,” said Lucapa managing director Stephen Wetherall.
Lulo has produced 15 +100 carat diamonds to date and is one of the highest average US$ per carat alluvial diamond producers in the world.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
