In line with a diamond sales and purchase agreement with Safdico International, a subsidiary of Graff Diamonds and a leading diamond manufacturing and trading company, Lucapa said Mothae will receive a minimum average cash flow value of $630 (A$816) per carat for the first twelve months of the agreement.
The difference between the minimum average cash flow value and the selling price will then be recouped by Safdico from sales delivered in the future with an average price higher than $630 per carat.
Mothae, which Lucapa owns in partnership with the government of Lesotho, finishing ramping up operations in late March, as the company completed a plan to boost production by 45% to 1.6Mtpa.
