Lucapa Diamond has sold four exceptional diamonds recovered from its 40%-owned Lulo Mine for $17.063 million at a tender conducted by Sodiam E.P. in Luanda, Angola.
The Lulo parcel of 609 carats consisted of type IIa diamonds weighing 41 carats, 123 carats, 208 carats, and 235 carats, respectively.
“The outcome of this tender is very encouraging, as it once again […] indicates the strength of the market for these exceptional, rare, and high-value stones of which Lulo is a consistent producer,” said Lucapa chief executive Nick Selby.
“This is a positive result for Lucapa in a year when the diamond industry generally suffered
weakness in pricing.”
He said with India about to resume rough diamond imports and Russian diamonds potentially having a restricted flow into the market in 2024, they are optimistic about seeing improvement and stability in diamond prices across all sectors of the market in the new year.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
