Africa-Press – Angola. A 235-carat diamond was extracted at the Lulo mine, located in the municipality of Capenda Camulemba, Lunda Norte province, Lucapa Diamond announced this Saturday, a week after the recovery of a 208-carat diamond of the Ila type.
This is the 40th diamond with more than 100 carats extracted from the mine and the second largest since the beginning of its activity.
With a concession of 3 thousand square kilometers, the Lulo mine, which currently employs 630 people, has made an investment valued at 38 million US dollars since 2018.
Since the beginning of its exploration in 2010, the mine has revealed a high potential for “quality and quantity”, having achieved, in the first year, the highest value per carat in the world, in the order of 2,985 dollars ( 3,005 euros).
Lulo is also the mine where the largest diamond found so far in Angola was extracted, weighing 404.2 carats, sold in May 2016 for US$16 million and which subsequently yielded US$34 million, after cut and transformed into jewelry.
The consortium is made up of the Angolan companies Endiama EP (32%) and Rosas & Pétalas (28%), as well as the Australian company Lucapa Diamond (40%).
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