Join our daily newsletter At The Bell to receive exclusive market insights
- Lucapa Diamond Company (LOM) and its partners have recovered another white diamond over 100 carats from the Lulo alluvial mine in Angola
- The 171-carat white stone is the 15th diamond over 100 carats recovered from Lulo and the second over 100-carat diamond recovered this year
- This white diamond was recovered from mining block six, which has now produced six diamonds of over 100 carats
- Lucapa is up a slight 1.89 per cent and shares are trading for 5.4 cents each
Lucapa Diamond Company (LOM) and its partners have recovered another white diamond that is over 100 carats from the Lulo alluvial mine in Angola.
The 171-carat gem-quality white stone is the 15th diamond over 100 carats recovered from Lulo and the second over 100-carat diamond recovered this year.
It is also the fourth largest diamond recovered to date since activities began at Lulo.
This 171-carat white diamond was recovered from Mining block six, which has now produced six over 100-carat diamonds.
Mining blocks six and eight together have now produced 13 of the 15 over 100-carat diamonds recovered at Lulo, including Angola’s largest recorded gem — the 404- carat February 4 stone recovered and sold in 2016 for US$16 million.
“The recovery of this 171-carat gem-quality white diamond continues to underpin the potential of the kimberlite exploration programme as drilling of the high-priority kimberlites in the Canguige catchment continues,” Lucapa Managing Director Stephen Wetherall said.
Lucapa owns and operates the Lulo Project with its partners Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas.
Lucapa is up a slight 1.89 per cent and shares are trading for 5.4 cents each at 10:34 am AEST.
