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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

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16 august 2021

Lucapa recovers 138ct diamond at Lulo

14 may 2021
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Image credit: Lucapa Diamond

Lucapa Diamond has recovered its 24th +100 carat diamond from the Lulo alluvial diamond mine in Angola.
It said the 138-carat diamond was recovered from Mining Block 46.
The latest recovery was the seventh +100 carat diamond recovered in 2021 to date at Lulo since exploration and mining operations began.
The Lulo mine, which is 40%-owned by Lucapa has been mining commercially since 2015.
Lucapa and its project Lulo joint venture partners have also achieved highly encouraging results from their search to discover the primary hard-rock source of the high-value Lulo alluvial diamonds.
The miner recently sold a rough diamond parcel of 4,000 carats from Lulo for $5 million.
The diamonds achieved an average price of $1,239 per carat.
Lulo has so far this year sold 9,312 carats of rough diamonds for $14.5 million or $1,557 per carat. 

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished