- Lucapa Diamond Company (LOM) recovers a “historic” 170-carat pink Type IIa diamond from its Lulo alluvial mine in Angola
- The company believes the recovered diamond, nicknamed the “Lulo Rose”, is the largest pink diamond recovered in the last three hundred years
- The 170-carat diamond is the 27th diamond of over 100 carats to be recovered from the company’s Lulo concession
- The diamond will be sold via an international tender process to be conducted by Sodiam EP, the Angolan State diamond marketing company
- Shares in Lucapa last traded at 4.9 cents on July 26
Lucapa Diamond Company (LOM) has recovered a “historic” 170-carat pink Type IIa diamond from the Lulo alluvial mine in Angola.
The company said it believed the recovered diamond, nicknamed the “Lulo Rose”, was the largest pink diamond recovered in the last three hundred years.
The 170-carat diamond is the 27th diamond of over 100 carats to be recovered from Lucapa’s Lulo concession, which holds the record for the largest diamond ever recovered in Angola: the 404-carat “Fourth February Stone”.
Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, said the diamond continued to showcase Angola as an important player on the world stage for diamond mining.
“[The pink diamond] demonstrates the potential and rewards for commitment and investment in our growing diamond mining industry,” Mr Azevedo said.
The diamond will be sold via an international tender process to be conducted by Sodiam EP, the Angolan State diamond marketing company.
Lucapa Managing Director Stephen Wetherall called Lulo an “exceptional” alluvial resource.
“We are once again made very proud by yet another historic recovery,” Mr Wetherall said.
“We too look forward to our partnership progressing its exploration effort, where we are now bulk sampling the priority kimberlites, in search for the primary kimberlite sources of these exceptional and high-value diamonds.”
Shares in Lucapa last traded at 4.9 cents on July 26.