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Lucapa Diamond Company recovers Lulo’s largest coloured diamond

A 116 carat low quality boart stone has also been recovered.
Yellow diamond
The 43 carat yellow diamond surpasses a 39 carat pink stone recovered in 2016

Lucapa Diamond Co Ltd (ASX:LOM) has recovered the largest coloured gem-quality diamond to date from the Lulo Diamond Project in Angola.

The 43 carat yellow gem from Mining Block 8 at Lulo surpasses a 39 carat pink diamond recovered in September 2016.

Also among the most recent recovery of large diamonds from Lulo is a 116 carat low-quality boart stone.

READ: Lucapa Diamond Company schedules next sale of Lulo diamonds for early 2018

It is the tenth 100+ carat diamond recovered from Lulo and the second within the first three weeks of 2018.

Lulo is the highest US$ per carat alluvial diamond producer in the world.

Company also has Mothae project

The company has a 70% interest in the Mothae kimberlite project in diamond-rich Lesotho.

Mothae is within 5 kilometres of Letšeng, the world’s highest US$ per carat kimberlite diamond mine.

Letšeng is operated by Letšeng Diamonds, which is 70%-owned by London-listed Gem Diamonds Limited (LON:GEMD).

A 910 carat diamond recently recovered from Letšeng is reported to be the 5th largest gem-quality diamond ever recovered.

Lucapa is constructing a 150 tonne per hour diamond treatment plant at Mothae, complete with XRT recovery technology.

Production is expected to begin at Mothae in the second half of 2018.

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Lucapa Diamond Company Timeline

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