The miner said the white diamond is the 15th 100-plus carat it has recovered to date from Lulo and the second 100-plus carat precious rock found in 2020.The diamond was recovered from mining block six, where five other 100-plus carat diamonds had been previously unearthed.Mining blocks six and eight have now produced 13 of the 15 100-plus carat diamonds recovered at Lulo, Lucapa said. This includes Angola’s largest recorded gem, which is a 404 carat diamond sold in 2016 for $16 million.The miner has a 40% stake in the Lulo mine, which hosts the world’s highest dollar-per-carat alluvial diamonds. The rest is held by Angola’s national diamond company (Endiama) and Rosas & Petalas, a private entity.Angola is the world’s fifth diamond producer by value and no.6 by volume. Its industry, which began a century ago under Portuguese colonial rule, is successfully being liberalized.Last year, the country held its first public diamond auction and since then, producers no longer have to sell at below-market prices to a handful of buyers favoured by the state.Endiama recently revealed it was seeking international partners in an attempt to place Angola among the world’s top-three diamond producers.
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