Lucapa announces the discovery of a 160 carat diamond in Angola

The new 160-carat Type IIa white diamond is the 28th of more than 100 carats recovered at the Lulo mine and the sixth largest found to date at the mine in Capenda Camulemba, Lunda Norte.

The Australian company that operates the mine and owns 40 percent of the company, which also includes state-owned Endiama (32 percent) and Rosa e Pétalas (28 percent), also said diamond production has been “strong” in the last two months, with more than 100 “specials” – diamonds of more than 10.8 carats – mined.

The “Rosa do Lulo,” discovered in early August, is the largest diamond of that color found in the last 300 years.

It is the fifth largest diamond discovered in Angola and the 27th with more than 100 carats found in the Lulo concession, four of them with more than 200 carats.

According to the Jornal de Angola newspaper, Lulo has shown “high potential in terms of quality and quantity” since it began operations in 2010, achieving the highest value per carat in the world in its first year of operation at US$2,985 (US$3,005).

Lulo is also the mine that produced the largest diamond ever found in Angola, weighing 404.2 carats, which was sold in May 2016 to the late husband of Angolan businesswoman Isabel dos Santos, Sindika Dokolo, for US$16 million, reaching a value of US$34 million after being cut and processed into jewelry.

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