The parcel of 1,621 carats of Lulo diamonds generated gross revenues of approximately A$5.1 million,
representing an exceptional average sale price of A$3,132 per carat. This was achieved against a backdrop
of soft conditions in the international diamond market.
The sale brings to A$15.8 million (US$12.9 million in invoiced US$ sales) the total sales proceeds
generated to date from the sale of six parcels of Lulo diamonds weighing 8,037 carats for an overall
average selling price of A$1,966/carat (US$1,600/carat in invoiced US$ sales).
The diamonds in the latest sale parcel were predominantly recovered from mining operations up to
26 September 2015 at the prolific Mining Block 8 alluvial diamond field, where Lucapa and its Lulo
partners continue to recover large special diamonds (weighing more than 10.8 carats) on a regular basis.
The Mining Block 8 diamonds – including all diamonds recovered from recent mining and preliminary
alluvial bulk sampling – have achieved average selling prices of approximately A$4,500/carat
(US$3,300/carat).
