Lucapa Diamond Company recovers +100 carat diamond

Company News

by Jessica Ellerm


Lucapa Diamond Company (ASX:LOM) has announced it has recovered an 129.58 carat diamond from the Lulo Diamond Project in Angola.

The gem is the eighth 100 plus carat diamond recovered to date at the site, and points to the continued potential at the mine.

The Lulo Diamond Project is also known in gem circles for the 404 carat 4th of February Stone.

A 163 carat flawless gem was produced from the February Stone, which has been described by auctioneer Christie’s as the largest D-colour flawless cut diamond ever put up for auction.

Shares in Lucapa Diamond Company (ASX:LOM) last traded 1.89 per cent higher at $0.27.

 

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.