Lucapa discovers 103-carat diamond at Lulo project

Image: Lucapa Diamond Company

Lucapa Diamond Company has recovered a 103-carat diamond from its flagship Lulo diamond project in Angola’s Lunda Norte region.

It is the ninth diamond of over 100 carats to have been recovered by Lucapa from the project. In addition, a large, type IIb (high purity) 83-carat diamond was also discovered, the company said.

ASX-listed Lucapa, a project partner of Angolan diamond company Endiama and private group Rosas & Petalas, has been operating at the site since 2015, and also has interests in Lesotho (Mothae), Australia (Brooking) and Botswana (Orapa).

The two diamonds are the largest discoveries for Lucapa since November 2017, where it recovered two gems weighing 129 carats and 78 carats, both of which are set for sale among with 23 other diamonds in early 2018.

The company’s largest project discovery overall was a 404-carat rough diamond worth $US16 million ($20.4 million) in 2016.

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