Advanced Search

Lulo Mine Delivers Windfall of Large Stones

Mar 30, 2021 4:37 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Lucapa Diamond Company has recovered three more 100-carat-plus rough diamonds at its Lulo alluvial mine in Angola, it said Monday.

The company found a 131-carat, D-color, type IIa diamond, a brown diamond weighing 118 carats and a 133-carat lower-quality grey diamond at the site’s high-value Mining Block 46. That section, which is located along the Canguige tributary, also produced a 114-carat, D-color, type IIa stone earlier this month, as well as 104- and 113-carat diamonds in January.

The recent discoveries have made Mining Block 46 the location with the strongest occurrence rate of diamonds over 100 carats, Lucapa said. The miner has been exploring the area located just upstream of the mining block as well, in the hope of locating the kimberlite source of its stones.

Lucapa also unearthed another two large white diamonds from the area, weighing 64.19 and 53.80 carats.

The company’s stock rose 5% in early trading Monday following the announcement.

Image: The three plus 100-carat diamonds and the two plus 50-carat diamonds. (Lucapa Diamond Company)
Tags: Angola, Canguige tributary, lucapa, Lucapa Diamond Company, Lulo, Lulo mine, Mining Block 46., Rapaport News
Similar Articles
Anglo American and De Beers Group signage, De BeerDe Beers Owner Plans Global Vaccine Mandate
Dec 02, 2021
Anglo American, De Beers’ parent company, is preparing to introduce a Covid-19 vaccine mandate across its operations in an effort
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.