12 °c
London
Sunday, January 29, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Another huge diamond has been found in Angola

FurtherAfrica by FurtherAfrica
September 22, 2016
in Africa, Angola, Diamond, Economy, Export, Mining, Natural Resources, Trade
Reading Time: 1 min read
3.6k 36
1
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The Lucapa Diamond Company, a small miner based in Perth, has found a fifth diamond larger than 100 carats.

The latest, a 103 carat type IIa gem, was recovered from the Lulo diamond project in Angloa.

Lucapa shares are up almost 7% today to $0.385.

The company is essentially finding diamonds as it digs trenches in search of the core of the diamond source, the kimberlite pipe, a type of rock deposit where diamonds form.

Lucapa in February reported finding the largest diamond ever recovered in Angola, a 404.2 carat stone, weighing about 80 grams.

That diamond, the largest recovered by an Australian company, sold for $US16 million ($A22.5 million), an average price of $US55,585 ($A72,682) per carat.

The previous record for Angola’s largest diamond belonged to the Angolan Star, a 217.4 carat gem recovered in 2007.

The company’s most recent sale, a parcel of 3,642 carats of diamonds, gained a combined of $US4.4 million ($A5.8 million), or an average of $US1,212 ($A1,606) per carat.

Earlier this month, the miner recovered a 38.6 carat pink diamond, the largest fancy coloured diamond found so far at Lulo. The previous biggest was a 28.5 carat light pink diamond included in the company’s most recent sale parcel.

Source: Business Insider Australia

Related

Tags: AngoladiamondgemLucapaLucapa Diamond CompanyMiningアンゴラ安哥拉
ScanSendShare1447Tweet904Share253Pin326Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Aid

WFP welcomes major donation of €65.5M from EU to address food crisis in 11 African countries

by FurtherAfrica
January 29, 2023
Health

Zebra meat a potential protein source – researchers

by Farmers Review Africa
January 29, 2023
Wildlife

Tusk Conservation Awards open nominations

by Fabio Scala
January 29, 2023
Travel

Top 10 West Africa beach resorts romantic getaway

by See Africa Today
January 29, 2023
King Charles visits The Africa Centre in London
Culture

King Charles visits The Africa Centre in London

by Fabio Scala
January 28, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Aid

WFP welcomes major donation of €65.5M from EU to address food crisis in 11 African countries

by FurtherAfrica
January 29, 2023
0

An essential and timely contribution of €65.5 million from the European Union, received through its Humanitarian Aid department (ECHO), has...

Read more

Zebra meat a potential protein source – researchers

January 29, 2023

Tusk Conservation Awards open nominations

January 29, 2023

Top 10 West Africa beach resorts romantic getaway

January 29, 2023
King Charles visits The Africa Centre in London

King Charles visits The Africa Centre in London

January 28, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,627 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?