Two +100 Carats Diamonds Unearthed By Lucapa Diamond Company
The Lucapa Diamond Company has recently announced the discovery of two rough diamonds, each exceeding 100 carats in weight, at its Lulo mine in Angola, achieved within just two days.
The first remarkable find is a 162.42-carat type IIa diamond, slated to be included in the company's upcoming regular run-of-mine sales later this month.
Meanwhile, the second diamond, weighing 116.14 carats, will be presented for sale through a tender process at a later date, alongside other high-value type IIa diamonds recently uncovered from the deposit.
These exceptional discoveries were unearthed in the terraces of mining block 46 within the Lulo site, known for its prolific production of large and valuable diamonds.
The two diamonds unearthed by Lucapa Diamond (Source: www.lucapa.com.au)
This marks the first time this year that Lucapa has retrieved diamonds exceeding 100 carats from Lulo, the last significant find being a 235-carat rough stone discovered in November. Since 2012, the company has recovered a total of 42 stones weighing over 100 carats from the Lulo mine.
Lullo Mine - The World’s Highest Dollar-Per-Carat Alluvial Diamonds Operation
The Lulo Mine stands as the world's premier alluvial diamonds operation in terms of dollar-per-carat value.
Lucapa holds a 40% stake in the mine, with the remaining shares owned by Angola's national diamond company Endiama (32%) and private Angolan entity Rosas & Petalas (28%).
In a remarkable feat, Lulo produced the largest diamond ever recovered in Angola back in 2016, merely a year after commencing commercial production—a 404-carat white stone later christened the "4th February Stone."
Angola ranks fifth globally in terms of diamond production value and sixth in volume. The country's diamond industry, which traces its roots back to Portuguese colonial rule a century ago, is undergoing a transformation, with reduced government regulations and increased participation from private entities.
