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Lucapa hits A$8.8M in latest Lulo, Mothae diamond sales

Lucapa Diamond Co. Ltd. said Aug. 8 that its latest sales of diamonds from the Lulo and Mothae mines in Angola and Lesotho, respectively, hit about A$8.8 million in combined gross proceeds.

The company said that 3,558 carats of Lulo diamonds were sold for gross proceeds of US$4.4 million, or about A$6.3 million, representing an average price of US$1,234, or about A$1,768, per carat for the run of mine.

Lucapa added that 4,376 carats of Mothae diamonds were sold for gross proceeds of US$1.8 million, or about A$2.5 million, representing an average price of US$400, or about A$579, per carat for the run of mine.

Total Lulo diamond sales was US$26.5 million at an average price per carat of US$2,764. This does not include the 46-carat Lulo pink diamond which is being considered for cutting and polishing by Lulo partners to capture margins from beyond the mine gate.

Total Mothae diamond sales was US$9 million at an average price per carat of US$539.