Industry News by Nemesis

Lucapa Unearths 117ct. Rough

January 13, 2020

 

Lucapa Diamond Company has recovered a 117-carat, gem-quality diamond from its Lulo alluvial mine in Angola.

The stone is the miner’s 14th over 100 carats from Lulo to date, and its first in that size category this year, it said Thursday. Lucapa found the stone in mining block 19, located between its high-value mining block 6 and mining block 8 portions of the deposit. That area was where the company recovered the 404-carat 4th February Stone, Angola’s largest diamond, which sold for $16 million in 2016.

“The recovery of this gem-quality, 117-carat diamond represents a positive start for Lulo in 2020 as we continue rolling out our plans to increase production and revenues this year,” said Lucapa CEO Stephen Wetherall.

Image: The 117-carat diamond. (Lucapa Diamond Company)

 

Source: Rapaport

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