Lucapa Finds 46ct. Pink Diamond at Lulo

RAPAPORT... Lucapa Diamond Company has recovered a 46-carat pink,the largest gem-quality colored diamond it has found at its Lulo mine in Angola. The stone beat out the 43-carat yellow gem the company foundin January, which previously held first place. Lucapa removed the diamond from Block 4, a new mining project,along with several other "special-size stones" - those above 10.8 carats. The Australia-headquartered miner has recovered a number of large stones from its Lulo asset, including 10 over 100 carats. The mine has yielded two white type IIa diamonds, weighing 404 carats and 227 carats, thelargest recorded in Angola. Lucapa also owns 70% of the Mothae mine in Lesotho, as wellas the Brooking lamproite asset in Australia and a new project in the Orapadiamond field in Botswana.