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Lucapa’s Mothae diamonds sell for £4.1m

The diamond sale makes it the largest carat price received from the Mothae mine in its history with the company.

Lucapa has announced that a parcel of 4,676 carats rough diamonds from the Mothae kimberlite mine were sold for a total of $5.6 million (£4.1m).

The diamond sale marks the largest carat price received from the Mothae mine in its history with the company.

The sale included a number of Specials diamonds such as the ‘101 carat D colour diamond’, which was recovered following the re-opening of the mine in Q4 2020. It was the most valuable diamond recovered to date at the mine.

Stephen Wetherall, MD for Lucapa, said: “Following a tough 2020, where both of
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.

“We look forward to Mothae receiving further value following implementation of the cutting &
polishing partnership and to complete the expansion at Mothae this quarter.”

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