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Lucapa Looking to Profit from Early Sales

Dec 26, 2017 5:43 AM   By Rapaport News
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Lucapa Diamond Company will sell two D-color, type-IIa rough diamonds weighing 129 and 78 carats in early 2018, the miner announced.

“The timing of this sale is designed to maximize sale proceeds by selling into a usually stronger-demand period at the beginning of the year,” the company said in a statement last week. The first months of the year are typically a strong period for rough sales as manufacturers look to replenish their stocks following the holidays.

The sale will include a combined 2,160 carats of rough diamonds that Lucapa extracted from its Lulo mine in Angola in November.
Tags: Angola, lucapa, Lucapa Diamond Company, Lulo, Lulo mine, Rapaport News, Rough Diamonds
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