Advanced Search

Lucapa Tender Yields over $6M

Jan 6, 2020 4:13 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Lucapa Diamond Company earned $6.4 million from its last rough sale of 2019, bringing its total for the year to $55 million.

The miner sold 3,274 carats from its Lulo mine in Angola for $3.4 million at an average price of $1,037 per carat, it reported in December. Additionally, the company sold a total of 6,617 carats of rough from its Mothae mine in Lesotho, netting $3 million at an average price of $455 per carat. That was nearly half the average achieved during its previous tender, in October which included a 36-carat, D-color stone and a 64-carat, D-color, type IIa diamond.

At its next tender, the miner plans to sell an 84-carat, high-quality white diamond it recently recovered from Lulo.

Lucapa also withheld a 220-carat diamond it recovered in November from Mothae, as well as a 46-carat pink from Lulo. It plans to assess those for cutting and polishing in-house, it noted.

During 2019, Lulo rough yielded $38.5 million, while Mothae stones garnered $16.5 million.

Image: The 84-carat diamond recovered from Lulo mine. (Lucapa Diamond Company)
Tags: lucapa, Lucapa Diamond Company, Lulo, Lulo mine, Mothae, Mothae Mine, Rapaport News
Similar Articles
De Beers rough and polishedDe Beers Optimistic After 2019 Earnings Slump
Feb 20, 2020
De Beers gave a positive outlook for 2020 due to an improvement in the industry’s inventory situation, despite growing
Angola roughAngola’s Annual Rough Revenue Rises
Feb 16, 2020
Revenue from Angola’s national diamond-trading company, Sodiam, rose 6% in 2019 as the company sold a higher volume
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.