Lucapa Diamond Co. discovers the second largest diamond ever found in Angola

15 February 2017

The Lucapa Diamond Company discovered the second largest diamond ever found in Angola, a stone with 277 carats (55.4 grammes) and of high quality, the Australian company said in a statement.

On 4 February, 2016 the Lucapa Diamond Company announced the discovery of a diamond with 404 carats found at the Lulo mine in Lunda province in Angola, the largest ever found in the country.

The Australian company, which operates the Lulo concession in partnership with state-owned Empresa Nacional de Diamantes de Angola (Endiama), with 32% and private Angolan company Rosas & Pétalas with 28% also reported that the diamond now found was the seventh with over 100 carats discovered at the concession.

This diamond was found following the installation of a materials processing unit based on advanced X-ray transmission technology and its discovery has allowed the company to recover its entire investment in the mine, the statement said.

The 404-carat diamond discovered in 2016 was sold for US$16 million to De Grisogono SA, a company owned by businessman Sindika Dokolo. (macauhub)