A 195-carat rough diamond discovered in Angola

Lucapa Diamond has discovered a 195-carat Type IIa rough diamond from its Lulo mine in Angola.

Lucaba said on Tuesday that the stone is the sixth largest diamond discovered at the Lolo mine since it began operations in 2015, and it is also the fourth diamond weighing more than 100 carats to be unearthed so far this year.

This discovery comes on the heels of the discovery of a 203-carat diamond that was discovered in March, and in February, the company extracted two diamonds, weighing 162.42 and 116.14 carats.

In total, Lucaba has extracted some 44 stones weighing more than 100 carats from the Lolo mine, and the company is currently restarting production at its Merlin mine in Australia and has several exploration projects underway, including the Oraba mine in Botswana, and the Mothai mine in Lesotho.

The mining company has "many interested parties", in addition to the Lesotho government, managing director Nick Selby said in the company's annual meeting report released on Tuesday.

The company indicated that it intends to focus primarily on its projects in Angola and Australia.

Stuart Brown, Chairman of Lucaba, said that Angola is the fourth largest diamond producer in the world, and many of the diamond-rich provinces are yet to be explored, and Angola has the potential to become a global power in diamond production.