Lucapa Finds a 160-Carat Gem at Lulo

Lucapa Diamond has recovered a 160-carat white, Type IIa diamond at its 40%-owned Lulo alluvial mine in Angola, Rough & Polished reports. It is the 28th +100 carat diamond recovered at Lulo to date, and the 6th largest ever recovered there.

 

The 160-carat gem was mined from the same alluvial mining block as the 179-carat “Lulo Rose”, the pink-coloured diamond recovered by Lucapa in July 2022.

 

Recently, it was reported that Lucapa’s rough diamond sales slid 36% during the second quarter of the year to $21.8 million. At its Lulo mine in Angola, Lucapa reported a 47% drop in revenue to $15.6 million.

 

Credit: Lucapa

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