195 carat diamond recovered from Lulo mine in Angola
A 195 carat Type IIa diamond has been unearthed from Lulo mine in Angola. The company, alongside its partners Endiama and Rosas & Petalas, made the discovery which ranks the sixth largest diamond found at the Lulo mine and the 44th diamond over 100 carats retrieved from this site. Moreover, it is the fourth diamond exceeding 100 carats discovered at Lulo this year.
Lulo mine
The Lulo mine is renowned for producing the highest dollar-per-carat alluvial diamonds globally. Commercial production at the mine commenced in January 2015, and in 2016, it yielded Angola’s largest diamond to date, a 404-carat white diamond known as the “4th February Stone.”
Lucapa Diamond Company holds a 40% stake in the Lulo mine, with the remaining interests owned by Angola’s national diamond company Endiama and the private entity Rosas & Petalas. Angola ranks as the world’s fifth largest diamond producer by value and sixth by volume, a status that has been bolstered by the liberalization of its diamond industry, which originated during Portuguese colonial rule a century ago. The country has been gradually reducing government regulations and restrictions, allowing for increased participation by private entities in the diamond sector.
