4 Exceptional Lulo Diamonds Rake In $17 Million in Tender

Lucapa Diamond Company, along with partners Endiama and Rosas & Petalas, successfully auctioned off four diamonds from their Lulo alluvial mine for a combined value of $17.06 million. The quartet of Type IIa diamonds weighed in at 41, 123, 208, and 235 carats, respectively. According to Mining Weekly, the tender was conducted by Sodiam in Luanda, Angola.


Lucapa’s CEO and MD Nick Selby stated: “The outcome of this tender is very encouraging as it once again clearly indicates the strength of the market for these exceptional, rare and high-value stones of which Lulo is a consistent producer.”


“This is a positive result for Lucapa in a year when the diamond industry generally suffered weakness in pricing,” Selby added, “With India about to resume rough diamond imports and Russian diamonds potentially having a restricted flow into the market in 2024, we are optimistic that we will see improvement and stability in diamond prices across all sectors of the market in the new year.”


BRON: Israeli Diamond News 21-12-2023