Lulo Mine Yields Another 100ct. Diamond

By Rapaport News / January 08, 2018 / www.diamonds.net / Article Link

RAPAPORT... Lucapa Diamond Company has recovered two special-sized roughdiamonds - a light brown stone weighing 103 carats, and an 83-carat, type-IIa diamond,the miner announced Monday.The 103-carat stone is the ninth diamond above 100 carats thecompany has extracted from its Lulo mine in Angola. In November, it announced the discovery of two D-color, type-Ila stones weighing 129 and 78carats.The largest diamond the miner has found to date is the 4 de Fevereiro, a 404-carat rough that sold for $16 million in 2016. That sale helped Lucapa's revenue jump to $26.2 million in the first half of that year from $2.9 million in 2015.The company will include 25 special-sized diamonds - those weighing more than 10.8 carats - in itsfirst sale of 2018, including the two large stones it recovered in November.

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