Lulo recovers 12th stone of +100carat


Unearths 128 carat of
top colour white Type IIa stone

Lucapa Diamond announces the recovery of a 128 carat diamond from the Lulo alluvial mine in Angola. The 128 carat diamond is the 12th +100 carat diamond recovered to date from Lulo, continuing to underline the large-stone nature of the prolific Lulo diamond field. It was among the Specials recovered recently from Mining Block 6, along with a 7.5 carat fancy purple pink gem.

Testing on a Yehuda colorimeter has confirmed the 128 carat stone is a top-colour white Type IIa diamond. 128 carat top-colour white Type IIa diamond, the 12th +100 carat diamond recovered to date from Lulo The recovery of the 128 carat diamond and 7.5 carat fancy purple pink follows the recent historic tender of seven large, top-quality Lulo diamonds achieving US$16.7 million (US$22.9 million) at an exceptional average price of US$33,530 per carat in the first international sales event under Angola’s new diamond marketing regulations.

The Lulo partners will likely include the 128 carat diamond and 7.5 carat fancy purple pink in the next international tender, along with the 75 carat Type IIa top-colour diamond recovered in Q4 2018 and other Specials recovered. As outlined in the corporate presentation released to the ASX on 4 February 2019, Lucapa and its partners plan to further expand production by more than 25% at Lulo in 2019.


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