Lucapa in $9.1m diamond sale

Subiaco-based Lucapa Diamond Company has sold $9.1 million of alluvial diamonds from its Lulo operation in Angola, bringing its total sales from that site to more than $100 million.

The latest sale was for a parcel of 1,552 carats of diamonds, and was the second such sale this year.

Lucapa calculated the price received as $US4,446 per carat, which the company described as exceptional.

Lucapa sources the diamonds from the Cacuilo River in an alluvial mining operation in aprtnership with Angolan national diamond miner Empresa Nacional de Diamantes and privately held Angloan company Rosas & Petalas.

Shares in Lucapa fell 1.3 per cent to 38.5 cents each at the close of trading today.