Australian mining company Lucapa, headquartered in Perth, has recently concluded the sale of a trio of diamonds from the Lulo alluvial mine in Lunda Norte, Angola, for a total of $10.5 million. The sale, facilitated by Angola’s state-owned diamond trading company Sodiam, achieved an average price of $29,000 per carat for the 361-carat lot. Among the diamonds, the largest, weighing 203 carats, ranks as the fifth largest ever recovered from the mine and was identified as a Type IIa stone. This sale marks Lucapa's inaugural Lulo Mine tender in 2024, following a series of notable discoveries at the site, including a 203-carat diamond in March 2024 and a 235-carat diamond in November 2023, only the second of its size unearthed at the mine. Lucapa operates the mine with a 40 percent interest, alongside Angola’s state-owned diamond corporation Endiama and private company Rosas & Petalas, who hold the remaining shares.
Lucapa's successful diamond sale underscores the ongoing productivity of the Lulo alluvial mine in Angola. With more than 40 diamonds exceeding 100 carats and four surpassing 200 carats discovered to date, the mine continues to yield high-quality stones.