Lucapa sells US$3.5 million the second tender in 2019May 27, 19
Lucapa held its second tender in 2019, of diamonds from the new Mothae kimberlite mine in Lesotho. The parcel of 7,008 carats of rough diamonds sold at tender in Antwerp for a total of US$3.5 million.
The tender included prices of up to US$26,000 per carat paid for individual Mothae gems. Lucapa's latest sales results bring to US$7.3 million the total sale proceeds generated from the two tenders of Mothae diamonds completed this year.
Lucapa Managing Director Stephen Wetherall said the latest tender results continued to underline Mothae's status as one of a select few global mines capable of producing high-value diamonds on a consistent basis.
"We continue to be encouraged by the regular recovery of specials and sales results achieved from the supposed lower-margin areas of the Mothae kimberlite pipe," said Wetherall.
"These results add to the excitement as our mining campaign prepares to transition to the higher margin diamond zones in the main southern pit in H2 once the water is transferred to our main dam to ensure we have appropriate water supplies for our planned increased treatment rates during the dry months," he concluded.