Wednesday, 30 March 2016

Lucapa sells 404 carat diamond for $22.5 million

Australia-based Lucapa Diamond (ASX:LOM) has sold a 404 carat stone from it's alluvial operations in Angola for $ 22.5 million or $55,585 per carat.

Other recent finds include a 68.1 carat gem-quality diamond. Lucapa has been mining diamonds since January of last year. The Lulo concessions are about 700 kilometers (435 miles) east of Angola’s capital Luanda.