Lucapa Diamong Mining finds its eighth large diamond in Angola

14 November 2017

The Lucapa Diamond Mining discovered the eighth diamond weighing over 100 carats (20 grammes) in the Lulo concession, in Angola’s Lunda Norte province, which is of “exceptional value,” the Australian mining company said in a statement issued on Monday.

The 129.58 carat diamond was extracted from one of three washes on the Cacuilo River, said the operator of Sociedade Mineira do Lulo, with a 40% stake, which has as its partners state diamond company Endiama, with 32% and private Angolan company Rosas & Pétalas, with 28%.

This announcement, made together with the discovery of another large diamond, with 78.61 carats, in another area of Lulo, comes in the week in which the largest diamond found in Angola, in the same mining area, will be auctioned off.

The diamond was bought in 2016 by Swiss jewellers De Grisogono, and was transformed into a gem of 163.41 carats which will be auctioned on Tuesday.

The diamond, the 27th largest in the world, was originally 404.2 carats and seven centimetres in length when it was found, in February 2016, by the Australian mining company in Lulo. (macauhub)