Angola’s second largest diamond uncovered

Angola’s second largest diamond uncovered

Australian mining firm Lucapa Diamond (ASX:LOM) has unearthed a 227-carat diamond at the Lulo Diamond Project mine in Angola.

The newly-discovered diamond is the second largest to be uncovered to date at the Lulo mine, situated east of the capital Luanda, only after a 404-carat stone was found last year.

Lucapa confirmed in a statement that the precious stone is a premium quality Type IIa D-colour gem, after testing was conducted on a Yehuda colorimeter.

Managing director Stephen Wetherall said: It is fitting that within a week of the anniversary of Angola’s biggest diamond, the 404-carat 4th February Stone, we have now uncovered Angola’s 2nd biggest diamond on record.

“The recovery of the 227-carat diamond through the new XRT circuit also vindicates our investment in this large-diamond recovering technology, which will have more than paid for itself with the recovery of this stone alone.”

Angola is the world’s fourth-largest diamond producer by value, and is keen to develop its diamond mining sector as it attempts to diversify its economy, away from its current reliance on oil.