13th +100 carat diamond recovered!

130 carat diamond recovered at Lulo

Lucapa Diamond Company and its partners Endiama and Rosas & Petalas are announced the recent recovery of a 130 carat gem quality diamond from the Lulo Diamond Project in Angola.

The 130 carat diamond is the 13th +100 carat diamond recovered to date and the second recovered so far in 2019. This recovery, together with the continued recovery of other large Special white and fancy coloured diamonds continues to highlight the very special nature of the Lulo diamond concession.

The 130 carat diamond adds to the current inventory of high-value large Special run-of-mine diamonds, including top colour white diamonds, weighing 128 carats and 62 carats, as well as a number of fancy pink coloured diamonds. The majority of the diamond inventory is scheduled for sale this quarter by the alluvial mining company, Sociedade Mineira Do Lulo; however, some diamonds may be extracted and held for tender at a later date.

Lucapa’s flagship asset is the Lulo Diamond Project in Angola has produced 13 +100ct diamonds to date and is the highest average US$ per carat alluvial diamond production in the world. Lucapa and its Lulo partners continue to advance their search for the primary kimberlite sources of these exceptional alluvial gems through a systematic drilling and exploration program.