Once again shows the outstanding quality of diamonds that the Australian Lucapa Diamond Company (WKN A0M6U8 / ASX LOM) wins on their Lulo project in Angola. At the sixth diamond sales this year, the company achieved again prices that are far above the international average.
http://www.goldinvest.de/index.php/...e-hohe-preise-fuer-seine-lulo-diamanten-33137
Total Lucapa sold this time Lulo diamond weighing 1,621 carats and thus generated a gross turnover of around 5.1 million AUD. Thus, the average retail price is unusually high 3,132 AUD per carat. And this despite the international diamond market currently is not a favorable environment.
Thus Lucapa and its partners have now sold a total of Lulo diamond of 8,037 carats weighing and it redeems gross proceeds of 15.8 million or AUD 12.9 million USD. This means that the overall average price is 1,966 AUD / carat (1600 USD / carat).
And so far discovered in the mining area Block 8 diamonds achieved per se even higher prices. Here, the average selling price was approximately 4,500 AUD / carat ($ 3,300 / carat). By comparison, the average global sales price amounts to just about 120 USD / carat.
The diamonds of recent sales package has Lucapa won largely with the dismantling work on the alluvial diamond field in Block 8 (to 26 September 2015).There find Lucapa and its partners continue to regularly large, special diamonds (weighing over 10.8 carats). Moreover, you could greatly expand with the alluvial diamond field excavation programs on Block 8, so that the production will concentrate in the future once on this territory.
It is very promising that the newly defined boundaries of Block 8 encounter directly to the kimberlite L259 where Lucapa the primary source of extraordinary stones suspected that one finds so many to block. 8Here Lucapa is currently carrying out an aggressive exploration program to confirm this assumption as soon as possible.
Lucapas CEO Stephen Wetherall explained that the recent diamond sales support the unique nature of the Lulo diamond, especially the potential of the extended Alluvialfeldes on mining block 8 and the adjoining Kimberlitprogramm. The class average prices that can be achieved for the Lulo diamond would increase the value and the planned returns of each cubic meter of alluvial gravel, which will degrade at Lulo, significantly, so Mr Wetherall on.
You feel still regularly big special diamonds on mining block 8 and therefore assume, in 2015 at least one, if not even to be able to perform two diamond sales.
The Lucapa shares had laid a steep rise to the discovery of kimberlite or its confirmation. Currently the paper is a part of these gains again. In our view, therefore lends itself for risk-conscious investors the chance to get back cheaper. Because the - admittedly risky - speculation has not yet ended. Should Lucapa can prove in the coming weeks and months that kimberlite L259 is actually the primary source of exceptional diamonds of Block 8, and there is worth the establishment of a mine, then the current price rise is likely to have been only a foretaste.
Investors should secure any positions but because it at a failure is likely to quickly go back down.
