Lucapa Unearths 117-ct. Stone, their 14th +100ct Diamond from Angola

Mining and Exploration
09/01/2020 09:26

Australia-based mining company Lucapa Diamond Co. has rung in the new year with a bang, recovering a gem-quality 117 carat stone from the Lulo alluvial mine in Angola. The stone is the 14th diamond larger than 100 carats recovered to date from Lulo by Lucapa and its partners and the first for 2020.

The miner specified that the diamond was recovered in Mining Block 19, located between the prolific Mining Blocks 6 and 8, which have together produced 12 +100 carat diamonds, including Angola’s biggest recorded gem – the 404 carat 4th February Stone recovered and sold in 2016 for US$16 million. Lucapa Managing Director Stephen Wetherall commented: “The recovery of this gem-quality 117-carat diamond represents a positive start for Lulo in 2020 as we continue rolling out our plans to increase production and revenues this year.”

Lucapa also continues to recover large diamonds from the Mothae kimberlite mine in Lesotho (Lucapa 70%; Government of the Kingdom of Lesotho 30%), with the latest recovery of 'specials' including a 60 carat gem-quality stone.