LOM

0.00%

7.2¢ lucapa diamond company limited

Certainly making news WA company Lucapa sells massive Angola...

First 71 Last

Share
Profile

Follow
bbuster

2,804 Posts.

472

29/02/16

17:05

Post #: 17145965
Share

Originally posted by bbuster ↑

Australia’s Lucapa paid $22.5m for 404-carat diamond

http://www.theaustralian.com.au/bus...d/news-story/f67ed8598359292c790def853eeb9141

A huge 404-carat diamond unearthed by Perth-based Lucapa Diamonds has sold for a whopping $US16 million ($22.5m).

The stone, which is around 7cm long, was found by Lucapa earlier this month at its Lulo project in Angola.

Lucapa has developed a reputation for unearthing large, high-quality diamonds from its alluvial workings at Lulo but the 404-carat stone is by far the biggest unearthed by the company to date.

It’s the biggest diamond found in Angola, the biggest ever found by an Australian company and, according to Lucapa, ranks as the 27th biggest diamond found in the world.

The sale price reflects the rarity of diamonds of such a size, translating to more than $US55,500 per carat. Uncut diamonds generally sell for around $US200 to $US400 a carat.

While the proceeds from the sale mean Lucapa and its partners will be able to continue alluvial diamond work well into the future, it will also help Lucapa’s hunt for the original source of the diamonds.

Lucapa has identified a geological structure near its alluvial workings that it believes could be the original kimberlite pipe that introduced diamonds to the region.

It will test the structure in the weeks ahead when a drill rig arrives on site.

The find came months after another company, Lucara Diamond, found a 1111 carat diamond in Botswana. It is said to be the world’s second-largest diamond, behind the 3106 carat Cullinan diamond found in South Africa in 1905.

Expand

Certainly making news

WA company Lucapa sells massive Angola diamond for $22.5 million

http://mobile.abc.net.au/news/2016-...ssive-angola-diamond-for-22.5-million/7208378

LOM Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Talking Australia's very competitive property landscape: Realty Talks

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

AI stocks: What to expect in 2024-25

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

MCT

Metalicity looking for offers on Admiral Bay zinc project

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

There are more pages in this discussion • 81 more messages in this thread...

First 71 Last

Add LOM (ASX) to my watchlist

(20min delay)
Last 7.2¢		Change 0.000(0.00%)		Mkt cap ! $20.88M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	155809	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	157173	1

View Market Depth

No.	Vol.	Price($)
1	155809	0.070
1	19829	0.066
2	260000	0.065
3	227722	0.064
2	84801	0.061

Price($)	Vol.	No.
0.072	157173	1
0.073	139658	1
0.075	8968	1
0.076	85000	1
0.077	70000	1

Last trade - 16.12pm 19/07/2024 (20 minute delay)

LOM (ASX) Chart

Day chart unavailable

Certainly making news WA company Lucapa sells massive Angola...

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Talking Australia's very competitive property landscape: Realty Talks

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

AI stocks: What to expect in 2024-25

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Metalicity looking for offers on Admiral Bay zinc project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Certainly making news WA company Lucapa sells massive Angola...

Top Stories

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Talking Australia's very competitive property landscape: Realty Talks

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

AI stocks: What to expect in 2024-25

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Metalicity looking for offers on Admiral Bay zinc project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News