The Lulo Mining Society announced last week, in the north-eastern Lunda Norte Province, the discovery of a 150-carat white diamond, of the “D-Color Type lla.
It is the 36th diamond with more than 100 carats found on the mine located in the municipality of Capenda Camulemba in Lunda Norte.
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According to the Mining Society’s statement, the diamond was recovered in block 28 and is the fifth of over 100 carats extracted in the reserve.
It is the first diamond recovered this year and it will go straight into the showcase of the most important diamonds extracted in Angola in recent years, although it is not included in the top five of the largest diamonds in the world, whose list is still headed by the 404-carat giant collected in 2016.
Since it began operating in 2010, the Lulo mine has shown high potential in terms of “quality and quantity”, and in its first year of operation it achieved the highest value per carat in the world, at USD 2,985 equivalent to 3,005 Euros.
Lulo is also the mine where the biggest diamond so far found in Angola has been extracted, one of 404.2 carats, which was sold in May 2016 for USD 16 million and earned USD 34 million after being cut and transformed into jewellery.
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The consortium is made up of Angolan companies Endiama E.P with 32% and Rosas & Pétalas (28%), as well as Australia´s Lucapa Diamond (40%).
