Lucapa’s Lulo Diamonds Fetch $12.4M at Tender

Lucapa Diamond Co. Ltd. (AU:LOM) has released an update.

Lucapa Diamond Co. Ltd. has successfully auctioned off six exquisite Lulo diamonds for a striking US$12.4 million, with the individual stones totaling 447 carats. Achieving an impressive average of US$27,700 per carat, the standout sale was a 14 carat pink diamond, which commanded the highest price per carat in the tender held in Luanda, Angola. Managing Director and CEO Nick Selby expressed satisfaction with the tender, noting the consistent demand and competitive value of their alluvial project’s diamonds.

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