Tuesday, June 25, 2024

Lucapa Recovers 195-Carat Diamond from Lulo Mine

New York— Lucapa Diamond Company (ASX: LOM), along with its Lulo alluvial mine partners Endiama and Rosas & Petalas, announced the recovery of a 195-carat Type IIa diamond from the Lulo mine in Angola on Tuesday.

This diamond is the sixth largest ever found at Lulo and marks the 44th diamond over 100 carats recovered from the site. Notably, it is the fourth diamond over 100 carats discovered at Lulo this year.

The Lulo mine, known for producing the world’s highest dollar-per-carat alluvial diamonds, began commercial production in January 2015. In 2016, it yielded Angola’s largest diamond, a 404-carat white stone named the “4th February Stone.”

Lucapa holds a 40% stake in the Lulo mine, with the remaining shares owned by Angola’s national diamond company Endiama and private entity Rosas & Petalas.

Angola ranks as the world’s fifth-largest diamond producer by value and sixth by volume. The country’s diamond industry, which began a century ago under Portuguese colonial rule, is currently undergoing successful liberalization.

Alice
Alice
Alice is a seasoned jewelry designer renowned for her exquisite creations that seamlessly blend artistry with elegance. With a passion for craftsmanship and an unwavering commitment to quality, Alice has established herself as a distinguished figure in the world of fine jewelry. Drawing inspiration from diverse cultures and artistic movements, Alice brings a unique perspective to her designs, creating pieces that transcend mere accessories to become timeless works of art. Her meticulous attention to detail and insistence on using only the finest materials ensure that each creation reflects not only her artistic vision but also a commitment to unparalleled craftsmanship. Having honed her skills through years of dedicated practice and a keen understanding of evolving trends, Alice is adept at translating her clients' desires into bespoke, one-of-a-kind pieces. Her portfolio encompasses a range of styles, from classic and timeless to avant-garde and contemporary, showcasing her versatility and ability to cater to a diverse clientele.

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