Lucapa spree of 100ct Lulo diamonds continues

Lucapa Diamond Company has recovered the 11th diamond in excess of 100ct at the Lulo diamond project in Angola, Africa.

The company, with partners Empresa Nacional de Diamantes and Rosas & Petalas, has recovered a 114ct gem from alluvial Mining Block 6 at Lulo.

Lucapa believes the latest find, also the third diamond of more than 100ct recovered in 2018, further underlines “the special large-stone nature of the Lulo diamond concession.”

The company, which released a production update for Lulo last week, produced 5058ct of diamonds from the mine in the June quarter, an increase of 20 per cent on the corresponding quarter.

Lulo regularly produced large and premium-value diamonds during the quarter, with the number of special diamonds recovered up 7 per cent to 61, giving the operation 118 in total during the first half of 2018.

Lucapa owns a 40 per cent share of the Lulo operation.

Lucapa’s latest 100ct-plus recovery.