Industry News by Nemesis

Lulo Mine Yields its Largest Colored Diamond

September 11, 2016

 

Lucapa Diamond Company recovered a 38.6-carat pink diamond from its Lulo mine, the largest fancy-color diamond found to date at the alluvial deposit in Angola.

The stone outweighs a 28.5-carat light pink diamond discovered at the mine. The parcel to which the pink diamond belonged also included two light fancy yellow stones that weighed 11.9 carats and 10.9 carats. The whole package sold for a combined $4.4 million (AUD 5.8 million) last week.

Lulo has a track record of producing large rough diamonds, the heaviest being a 404-carat stone, the largest diamond in Angolan history that fetched $16 million. In July alone, the mine yielded 59 diamonds heavier than 10.8 carats each.

 

Source: Rapaport

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