Lucapa scores another massive diamond find at Lulo

The 130-carat diamond recovered from Lulo. Image: Lucapa

Lucapa Diamond Company has recovered a 130-carat, gem-quality diamond from the Lulo project in Angola, West Africa.

It is the 13th diamond weighing more than 100 carats to be recovered from the site since production commenced in January 2015, and the second of this size to be recovered this year. The diamond just pips the previous discovery in terms of weight, being two carats heavier.

The Western Australia-headquartered company recovered a 128-carat diamond from Lulo in February, along with a number of special category finds, including a 7.5-carat fancy purple pink diamond.

Lucapa’s latest diamond will join the February find and another large 62-carat white diamond alongside several fancy pink diamonds, as part of the company’s current inventory of “high-value large special” run-of-mine diamonds. The majority of this inventory is set for tender later in the quarter.

The company operates two diamond mines in Africa, including the flagship Lulo mine and the Mothae mine in Lesotho, Southern Africa. It is also exploring its first Australian prospect, the Brooking project in the West Kimberley region of Western Australia.

Lucapa completed its last tender from Lulo in Angola under a new diamond marketing policy in the capital city of Luanda at the start of February. The sale comprised of seven large diamonds weighing a combined total of 498 carats.

A Mothae diamond tender is scheduled for the second quarter of 2019 in Antwerp, Belgium.

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