Recovery of high-value 176 Carat Diamond from Lulo

 

Recovery of high-value 176 Carat Diamond from Lulo

Lucapa Diamond Company Limited announces the recovery of the fifth +100 carat diamond this year, a 176 carat Type IIa gem diamond from the Lulo Alluvial Mine in Angola.

The 176 carat diamond is the 45th +100 carat diamond to be recovered from Lulo and the eighth largest, since alluvial operations commenced in 2015.

The continual recovery of these and other large, high value diamonds has been a major source of revenue for Lulo over the years, as well as being a major informant to the kimberlite exploration program. Lucapa continues to hunt for the source of these large gems via the kimberlite exploration program which is currently bulk sampling kimberlites in close proximity to the mining blocks where the 176 carat diamond was recovered.

Lucapa Managing Director and CEO Nick Selby commented, “The recovery of this 176 carat diamond is yet more confirmation of the massive potential of the kimberlite province where we are focussing our exploration efforts to find the source(s) of these magnificent gems. As can be seen from the image below, the diamond has not travelled far as it still displays sharp, angular edges.”

 

 

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