Lucapa Strikes Diamond Jackpot with 235-Carat Gem from Lulo Mine

Lucapa has announced the recovery of a 235-carat diamond at its Lulo mine in Angola, just a week after unveiling a 208-carat stone from the same location, IDEX Online reports.


Both diamonds are classified as Type IIa and mark the 39th and 40th +100-carat recoveries since the alluvial mine commenced commercial operations in January 2015. Lucapa recovered a 123-carat gem from Lulo just several weeks ago.


Lucapa’s managing director, Nick Selby, expressed the mine’s continued success in producing large diamonds, adding: “To unearth three +100 carat diamonds – with two being over 200 carats in such a short space of time from different areas of the concession, makes us more determined to find the primary source, by dedicating even more resources to the exploration program.”


Lucapa holds a 40% stake in Lulo, with the remaining ownership divided between Angola’s national diamond company Endiama (32%) and private Angolan company Rosas & Petalas (28%).


BRON: The Israeli Diamond Industry 16-11-2023