131-carat diamond discovered in Angola

LUANDA. XINHUA-KAZINFORM Type IIa white diamond was discovered at the Lulo mine, a concession with a total area of ​​3,000 square kilometers in the Angolan province of North Lunda, which is famous for its diamond reserves. This was announced today by the state-owned diamond company Endiama, Kazinform reports with reference to the news agency. Xinhua.

Endiama noted that the diamond was discovered by the Australian company Lucapa Diamond and its partners in the 19th block of the Lulo mine. The discovery occurred 11 days after a 160-carat diamond was found in the same mine. This is the fourth diamond over 100 carats found here since the beginning of the year, and the 29th among all diamonds discovered.

The Lulo diamond mine, located about 630 km east of the capital of Angola, Luanda, is the fourth largest in the world. It is a joint venture: Lucapa Diamond owns a 40% share, Endiama – 32%, Rosas & Petalas – 28%, a private Angolan company.

Development over the past decade has proven that the Lulo mine is one of the richest alluvial diamond deposits in the world.

According to Endiama, in 2016, a 404.2 carat diamond mined at the Lulo mine and today being the largest from those found in Angola, was sold for 16 million US dollars / 39,580 dollars per carat /. This price was a record for a white diamond. After the diamond was cut and turned into jewelry, the profit from its sale reached $34 million.

Angola’s Minister of Mineral Resources, Oil and Gas, Diamantinou Azevedo, said Angola has once again demonstrated its “tremendous” potential in diamond mining.

“I am absolutely sure that thanks to such finds, we will be able to become one of the largest diamond producers in the world in the near future,” the minister said.

In July of this year in the northeast of Angola was discovered unique pink diamond weighing 170 carats. This diamond is the largest pink diamond mined in the world in the last 300 years.

The stone, named Lulo Rose, will be put up for sale at an international auction.


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