A snapshot of a cut and polished diamond. (Source: Adobe Stock)
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  • Lucapa Diamond Company recovered two 100+ carat diamonds in February
  • A 162 carat diamond was recovered first and a 116 carat diamond next
  • Both were recovered from the terraces of Mining Block 46 at Lulo Mine, Angola
  • Lucapa Diamond Company has been trading at 9.6 cents

Lucapa Diamond Company (ASX:LOM) has had a terrific February on the lookout for diamonds.

It unearthed two diamonds weighing over 100 carats each at the Lulo Mine in Angola – along with its Angolan partners Endiama and Rosas and Petalas.

What’s even more remarkable is that the 162 carat diamond was found first, followed by the discovery of the 116 carat diamond the very next day.

Both treasures were uncovered from Mining Block 46, adding to the allure of this particular mining area.

The 116 carat type ‘II’a diamond will be sold via a tender at a future date, along with other high value type IIa diamonds recovered recently while the 162 carat will be included in the regular run-of-mine sale later this month.

Back in December, the company made $26M selling four diamonds.

Lucapa also uncovered a 235 carat diamond on-site late last year.

Lucapa Diamond Company has been trading at 9.6 cents.

LOM by the numbers
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