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.

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok