Stephen Wetherall, CEO of Lucapa Diamond, highlighted the Angolan diamond potential in the Lulo Project.
The CEO stated that the project has been profitable, reaching a figure of $ 141 million so far, with all partners earning annual dividends.
In conclusion, Stephen Wetherall pointed to the recent online special diamond auction that took place in Luanda as a sign of the new dynamics of the Angolan diamond subsector.
In this auction were sold seven stones of exceptional quality, at the average price of 33,530 per carat, making a total of 16.7 million dollars.
LOM Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
