Lucapa Diamond makes strong start to 2021 with $5.6 million sale

Lucapa Diamond Company has collected US$5.6 million from its first diamond sales of the year, parting with 4,676 carats recovered from the Mothae mine in Lesotho.

The diamonds fetched the highest average dollar per carat price achieved by Mothae of any run of mine production parcel, averaging $1,198 per carat.

Stephen Wetherall, managing director of Lucapa Diamond, said: “Following a tough 2020, where both our mines were impacted by the pandemic, our valued teams have shown their resilience and operations have bounced back strongly.

“The good recoveries at both mines and growing demand leading to strengthening diamond prices has seen a strong start to 2021,” he added.

The sale included a number of diamonds weighing over 10.8 carats, hence deemed to be ‘specials’. These included the 101 carat D colour diamond recovered after the re-opening of Mothae in the last quarter of 2020.

Following a six-month shutdown due to the COVID-19 pandemic, Lucapa re-opened the Mothae mine in time for the launch of its new marketing channel, which will see the company sell its goods directly to diamantaires and participate in the margins of the polished goods.