May 03, 2018

46 Ct Pink Stone Recovered at Lulo Mine; Largest Coloured Diamond Found to Date

A large, gem-quality 46 carat pink diamond has been recovered from the Lulo Diamond Project in Angola owned by Lucapa Diamond Company Limited and its partners.

This is the largest gem-quality coloured diamond recovered to date from Lulo, Lucapa said when making the announcement. It has outstripped the 43 carat yellow diamond recovered in January 2018; and the 39 carat pink gem recovered in September 2016.

 The 46 carat pink diamond was recovered from new Mining Block 4. Several other large Specials were also recovered at the same time. 

Signficantly, new Mining Block 4, located close to the treatment plant, is an area “planned for resource delineation in 2018 to be included in the alluvial JORC resource update”, the Company noted. 

“The frequent recovery of large and premium-value diamonds from new areas along the Cacuilo River valley continues to illustrate the uniqueness and potential of the Lulo diamond concession,” Lucapa emphasised. “Lulo has already recovered 10 +100 carat diamonds to date, including Angola’s two biggest recorded white Type IIa  gems weighing 404 carats and 227 carats.”

Interestingly,  Lucapa, which has  high quality  assets in Angola, Lesotho, Australia and Botswana, is focussed  on high-value diamond production; which, the Company says,  is designed “to protect cash flows in a sector of the diamond market where demand remains robust”.

Pic Cap: The 46 carat pink diamond recovered from new Mining Block 4 at Lulo

Pic Courtesy: Lucapa Diamond Company Limited