Advanced Search

Lucapa Looking to Profit from Early Sales

Dec 26, 2017 5:43 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

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
Similar Articles
Gahcho KueHigh-Value Stones Fuel Mountain Province Prices
Mar 20, 2018
Mountain Province’s March tender achieved the miner’s highest average selling price to date, driven by a bigger-than-usual
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.