404ct Angolan diamond sells for $16m

Lucapa Diamond Company have accounced that the 404ct diamond, recently recovered from their Lulo Diamond Project in Angola, has been sold for US$16 million.

The sale price on this top quality alluvial diamond represents an average price of US$39,580 per carat, a record price for any white diamond recovered from Lulo.

Lucapa Chief Executive Stephen Weatherall went on to say, “The sale of a single diamond for US$16 million undermines the huge potential of the Lulo diamond field to regularly produce gems that are both large and of world-class quality”.

Source: Lucapa Diamond Company ASX Annoucement