Ver Angola

Raw Materials

Lulo Mine “offers” fifth diamond weighing over 100 carats this year

Diamond company Lucapa announced this Monday that it had extracted the fifth diamond weighing over 100 carats from the Lulo mine this year, the eighth largest discovery since it began alluvial operations in 2015.

: X Lucapa_Diamonds_LOM
X Lucapa_Diamonds_LOM  

It is a 176-carat type IIa diamond, a category that only two percent of the world's diamonds fall into, with a high degree of transparency and purity, extracted from the alluvial mine, it said.

"It is the 45th diamond of more than 100 carats to be recovered from Lulo and the eighth largest since the start of alluvial operations in 2015", said the company, in a statement, highlighting that the recovery of these high-value diamonds has been an important source of revenue for the Lulo mine, managed by the Australian company Lucapa, the Angolan state-owned company Endiama and the public limited company Rosa&Pétalas.

Lucapa is currently running a kimberlite exploration program (rocks from which diamonds are extracted) and is collecting kimberlite samples near the mining blocks where the 176-carat diamond was extracted.

According to Lucapa's general director and CEO, Nick Selby, quoted in the statement, "the recovery of this 176-carat diamond is further confirmation of the enormous potential" of kimberlites, on which the company is focusing its efforts.

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