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138-carat diamond unearthed in Angola

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Lucapa Diamond Company Limited along with partners Empresa Nacional de Diamantes EP and Rosas & Petalas have announced the recovery of a 138-carat diamond from the Luloalluvial diamond mine in Angola.

This is the seventh +100-carat diamond recovered by the company in 2021 and the 24th +100 carat stone recovered since exploration and mining operations began at Lulo in 2015. The Lulo mine is renowned as one of the highest average US dollar per carat alluvial diamond producers worldwide, achieving gross revenues of over USD $200 million in 2020, with an average sale price of around $1,780 per carat.

Other notable finds from the mine include a 404 carat D-colour Type II stone, while their second highest find was 227 carats.