The Lucapa Diamond Company has recovered another exceptionally large pink diamond at its Lulo project in Angola.
The Canadian firm said the 38.6-carat stone is the largest colored diamond it has recovered from Lulo.
It is significantly larger than the 28.5-carat light pink diamond the company sold at the start of September.
That large diamond was sold along with other diamonds for $5.8 million.
Lucapa Chief Executive Stephen Wetherall said the company, together with its Angolan-based partners, are looking for the source of the alluvial diamonds it has been discovering at Lulo.
It aims in the near-term to use a just-launched drilling program to target high priority kimberlite targets on the mining concession and is looking into options to raise its 40-percent shareholding in the Lulo operation.
