Lulo mine yields third diamond over 100ct. this year


Lucapa Diamond Company has recovered yet another large rough stone as its African mines continue to produce high-value diamonds.

The company found a 114-carat, D-color, type IIa diamond at its Lulo alluvial mine in Angola, it said Friday [February 26]. The stone was the third above 100 carats Lulo has produced in the past eight weeks, after the miner discovered diamonds weighing 104 and 113 carats in January. All three were from the site’s Mining Block 46.

Separately, Lucapa recorded proceeds of $3.7 million from its second sale of Lulo rough this year, it said Thursday [February 25]. The parcel containing 1,040 carats achieved an average price of $3,525 per carat.

[During the week of February 22], Lucapa also announced the recovery of a 215-carat rough diamond from its Mothae mine in Lesotho.

Source Rapaport