Tuesday, 14 February 2017

Lucapa Diamond finds 227 carat diamond in Angola

Lucapa Diamond Company Ltd. (ASX:LOM) said it has uncovered a 227-carat stone at it's placer mining operation on the Cacuilo River in Angola. The stone is a Type IIa D-Colour gem.

The largest diamond to come out of the mine was a 404.2-carat monster that Lucapa unveiled a year ago, and which later sold for AUD$22.5 million.

404.2-carat white diamond discovered at Lucapa's Lulo project in Angola.
So far Lucapa has unearthed seven diamonds over 100 carats from the Lulo diamond project. Located 150km from Alrosa's Catoca mine, the world's fourth largest diamond mine. Angola is the world’s No.4 diamond producer by value and No.6 by volume. Its industry is emerging from a long period of difficulty as a result of a civil war that ended in 2002.