Lucapa Diamond Company (ASX:LOM) Sells Mothae Diamonds For $7.2M

Lucapa Diamond Company (LOM) and its partner, the Government of the Kingdom of Lesotho, has sold 4676 carats of rough diamonds for around $7.2 million.

Lucapa is a niche diamond producer with high-value mines in Anglo (Lulo) and Lesotho (Mothae).

The Lulo alluvial mine and Mothae kimberlite mine both produce large and high-value diamonds, with more than 75 per cent of revenues generated from the recovery of more than 4.8-carat stones.