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Lucapa sales disappoint

The latest sale from Lucapa Diamond Company's (AU:LOM) 40%-owned Lulo alluvial operation in Angola has attracted a lower value than expected, though the end of the rainy season should help the company drag numbers up beyond the stated full-year guidance value.

Chris Cann
The specials produced from Lulo were lower resulting in a lower-value parcel in the latest sale

The specials produced from Lulo were lower resulting in a lower-value parcel in the latest sale

Lucapa reported the sale of 1,878 carats for gross proceeds of US$1.3 million for an average price per carat value of $695. That brought gross proceeds from Lulo diamond sales to date in 2017 to $14.5...

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