Lucapa Diamond Co Ltd recovered a 176-carat rough diamond from its Lulo mine in Angola – the fifth stone weighing over 100 carats discovered at the site this year. 

The Type IIA diamond is also the 45th diamond weighing over 100 carats and the eighth largest to be recovered at Lulo since the mine’s operations began in 2015, according to the company.

This consistent recovery of large, high-value diamonds has been a major source of revenue for Lulo over the years.  The company is bulk sampling kimberlites in close proximity to the mining blocks where the 176-carat diamond was recovered. 

Nick Selby, managing director and CEO of Lucapa, commented, “The recovery of this 176-carat diamond is yet more confirmation of the massive potential of the kimberlite province where we are focusing our exploration efforts to find the source(s) of these magnificent gems.”