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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