(Kitco News) - Lucapa Diamond (ASX: LOM) today announced the recovery of a historic 170 carat pink Type IIa diamond from the Lulo alluvial mine in Angola.
The company said that the 170 carat pink stone is a historic recovery as it is believed to be the largest pink diamond recovered in the last three hundred years, adding that the diamond has been given the name “The Lulo Rose”.
The Lulo concession boasts the two largest recorded diamonds recovered in Angola, the largest being the 404 carat “4th February Stone”, Lucapa noted. This historical pink diamond is the 5th largest diamond and is the 27th +100 carat recovered to date on the Lulo concession.
The company also said that the diamond will be sold via international tender to be conducted by Sodiam E.P, the Angolan State Diamond Marketing Company.
Managing Director Stephen Wetherall stated, “Lulo is an exceptional alluvial resource and is truly a gift. We are once again made very proud by yet another historic recovery. Along with our partners, we are now bulk sampling the priority kimberlites, in search for the primary kimberlite sources of these exceptional and high-value diamonds.”
Lucapa is a diamond miner and explorer with assets in Africa and Australia. It has interests in two producing diamond mines in Angola (Lulo) and Lesotho (Mothae).
The company indicated that the large, high-value diamonds produced from these two niche African diamond mines attract some of the highest prices per carat for rough diamonds globally.
The Lulo mine has been in commercial production since 2015, while the Mothae mine commenced commercial production in 2019.
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