News

Advanced Search

Lucapa Recovers 128ct. Rough

Feb 19, 2019 6:09 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 Lucapa Diamond Company has recovered a 128-carat white diamond from its Lulo alluvial mine in Angola, the company said Tuesday.

The type IIa stone, which it found at the deposit’s Mining Block 6 region, is the miner’s 12th over 100 carats to date. Lucapa also recently unearthed a 7.5-carat, fancy-purple-pink diamond in the same portion of the mine, it said.

The company will likely sell the stones at its next international tender, its second under Angola’s new diamond-trading regulations, which open sales to a larger number of buyers. At the same tender, Lucapa will also sell a 75-carat white diamond it recovered in the fourth quarter of 2018.

Image: The 128-carat diamond. (Lucapa Diamond Company)
Tags: Angola, lucapa, Lucapa Diamond Company, Lulo, Lulo alluvial mine, Rapaport News
Similar Articles
AlrosaAlrosa Profit Drops in Third Quarter
Nov 10, 2019
Weak rough-diamond demand led to a decline in profit at Alrosa in the third quarter, the Russian miner reported.
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
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.