LUCAPA TO SELL LARGE AND EXCEPTIONAL DIAMONDS IN “HISTORIC” AUCTION

Lucapa Diamond Company, owner and operator of the Lulo mine in Angola, will sell seven large and exceptional Lulo diamonds an “historic inaugural international tender under Angola’s new diamond marketing laws” in January.

The auction, which will be held at the offices of Sodiam Angolan state diamond marketing company in Luanda, will feature “major international diamantaires and large stone manufacturers”. The seven Lulo diamonds to be offered at tender include Type IIa D colour white gems of up to 114 carats and a 46 carat pink diamond.

In its latest diamond sale, held in late November, Lucapa raked in $4.2 million from the sale of 3,411 carats. The sale achieved an average price per carat of $1,220. The sale has brought the total year-to-date sales of Lulo diamonds to $24.5 million at an average price of $1,353 per carat.

Source: DCLA