JOHANNESBURG (miningweekly.com) – The latest sale of alluvial diamonds from the Lulo project, in Angola, has netted $4.4-million, Australia-headquartered Lucapa Diamonds reported on Tuesday.
The parcel of 3 642 ct included a 28.5 ct light pink diamond and fetched an average price of $1 212/ct.
Lucapa reported that the light pink diamond was the most valuable coloured diamond recovered and sold to date.
The Lulo mining licence is held by Sociedade Mineira de Lulo, in which Lucapa has a 40% interest, Angola State-owned diamond miner Endiama holds a 32% stake and Rosas a 28% interest.