Lucapa 404-Carat Alluvial Diamond Sells for $16 Million
February 29, 16
(IDEX Online News) – Lucapa Diamond Company Ltd, Angola national diamond company Endiama and private local partner Rosas & Petalas announced that the recently-recovered 404-carat diamond sold for AUD$22.5 million ($16 million).
The average per carat price of AUD$55,585 ($39,580) is a record for a white diamond recovered from Lulo.
"The sale of a single diamond for $16 million underlines the huge potential of the Lulo diamond field to regularly produce gems which are both large and of world-class quality," said Lucapa chief executive Stephen Wetherall.
"We look to the future with tremendous excitement at Lulo as we continue mining these exceptional alluvial areas, growing our alluvial mining capability and advancing the kimberlite exploration program to locate the primary source or sources of these gems," he added.