Lucapa has sold $20m of diamonds but it’s still hanging on to that pink 46-carat sparkler
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Miner Lucapa has banked a further $US2 million ($2.7 million) from the sale of diamonds from its Lulo mine in Angola.
This takes total sales so far in the first half of the year to $US15.9 million at an average price per carat of $US1642.
But again the sale excluded the recently discovered 46-carat pink diamond and other large “special” diamonds.
Lucapa (ASX:LOM) said these were being held for a “future sale”.
Shares dipped 3.7 per cent to 26c by midday on Monday.
The Angolan government is considering allowing companies to sell their diamonds outside of the country as well as potentially revising the restriction on foreign ownership of projects and streamlining the repatriation process.
Lucapa’s head of investor relations Mark Drummond told Stockhead previously that diamonds sold in international commercial tender in Antwerp fetch a better price than those sold in Angola.
The company has sold two packages of diamonds since it found the 46-carat pink diamond in May, but neither sale included the coloured diamond.