Lucapa Diamond, along with its partners Endiama and Rosas & Petals, generated $15.7 million from the sale of seven diamonds at a successful exceptional stone tender organised by Sodiam E.P. in Luanda, Angola.
A total of 534.9 carats were sold at the tender, attaining an average price per carat of $29,401.
“This tender demonstrates that the weakness being experienced currently in the smaller goods which go into the mainstream diamond jewellery market does not seem to have translated into the large, high-quality stones, where demand and prices remain robust,” said Lucapa chief executive Nick Selby.
The diamond miner said of the seven exceptional diamonds sold, the 180-carat Type IIa white diamond that was recovered on June 30, 2023, and a 66-carat pink diamond fetched the highest prices per stone.
It could not provide the prices realised from the two stones.
Other high-value diamonds included in the Lulo parcel were 10-carat pink and white diamonds weighing 96 carats and 77 carats, as well as two weighing 51 carats each.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished