Lucapa Diamond Company Limited, Empresa Nacional de Diamantes E.P. (Endiama), Rosas & Petalas and the Angolan state diamond marketing company, Sodiam, announced that the sale of seven exceptional Lulo diamonds had delivered a total sales price of $21.4 million.
The seven large, top-quality and fancy coloured diamonds recovered in 2021 and weighing 620 carats from the Lulo alluvial mine were offered for sale via tender organised by Sodiam in Luanda. The seven Lulo diamonds on the tender achieved an average price of $34,548/carat.
Lucapa said the prices achieved for the Lulo diamonds reflect the strong diamond market post the height of the pandemic in 2020, where rough diamond prices have continued to strengthen on the back of low rough supplies and returning consumer demand.
This sale brings total sales for the six months to date to $38.8 million at an average price of $3,275/carat, cementing Lulo’s position as the highest price alluvial production globally.
Lucapa Diamond Company’s Managing Director, Stephen Wetherall, said, “The exceptional sale result, which is the largest single sale event ever for Lulo, demonstrates the strong demand for unique, large and high quality natural diamond productions such as those of Lulo and Mothae.”