Sale of diamonds extracted in Angola provides revenue of US$7.3 million

29 November 2017

Australia’s Lucapa Diamond Company conducted a sale of 4,126 carats of diamonds extracted in the Lulo concession, in Angola, raising US$7.3 million, according to a statement released by the company recently.

This sale, in which each carat reached an average price of US$1,770, meant that revenue from the sale of diamonds in the rough this year now totals US$31.6 million, with an average price per carat of US$1,668.

The Lucapa Diamond Company announced that the next sale, to take place in December or at the beginning of 2018, will include a 129-carat diamond, and another one with 78 carats.

The Australian company is the operator of Sociedade Mineira do Lulo, with a 40% stake, which has as its partners state diamond company Endiama, with 32% and private Angolan company Rosas & Pétalas, with 28%. (macauhub)