Four special diamonds extracted at the Lulo mine, located in the municipality of Capenda Camulemba, Lunda-Norte province, yielded 17.63 million US dollars, during an auction held by SODIAM.
According to SODIAM, the 41, 123, 208 and 235 carat diamonds auctioned were extracted at the mine in the third quarter of this year.
Of the 609 carat volume, the 208 carat type IIA diamond stands out, which reached the highest price of the lot.
Sociedade Mineira do Lulo is made up of the Angolan companies ENDIAMA,EP (32%) and Rosas & Pétalas (28%), as well as the Australian company Lucapa Diamond (40%). 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.
The mine has revealed, since the beginning of its exploration in 2010, a high potential for “quality and quantity”, having achieved, in the first year of exploration, 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 polished and transformed into jewelry.