- Lucapa Diamond Company (LOM) has recovered a 138-carat diamond from the Lulo alluvial diamond mine in Angola
- The stone is the seventh diamond of more than 100 carats recovered from the mine this year and the 24th since exploration and mining at Lulo began
- Lulo has previously produced a 404-carat D-colour Type IIa diamond
- Lucapa shares last traded at 5.7 cents on May 12
Lucapa Diamond Company (LOM) and its partners have recovered a 138-carat diamond from the Lulo alluvial diamond mine in Angola.
The latest discovery, which came from mining block 46, is the seventh stone of more than 100 carats to be recovered from Lulo this year and the 24th since exploration and mining began.
Lucapa owns high-value mines in both Angola and Lesotho and recently procured a 144-carat Type IIa D-colour stone from Lulo in April.
At the time, Lucapa Managing Director Stephen Wetherall commented on the string of high-carat recoveries at Lulo.
“With these 100-plus carat recoveries and the two special pink diamonds in inventory, SML is well positioned to achieve record diamond revenues for the first half of 2021.”
Lulo is one of the highest average U.S. dollar per carat alluvial diamond mines in the world and has previously produced a 404-carat D-colour Type IIa stone.
Shares in Lucapa Diamond Company last traded at 5.7 cents each on May 12.