Australia's Lucapa Diamond climbs as miner recovers 'historic' pink diamond at Angola mine

Lucapa Diamond Co

27/07/2022 03:59

** Shares of Lucapa Diamond Co  LOM.AX  climb as much as 2%
to A$0.05, hitting their highest since July 18
    ** The diamond miner says it recovered a "historic"
170-carat pink Type IIa diamond from its Lulo alluvial mine in
Angola  urn:newsml:reuters.com:*:nASXbR2GR7
    ** Says the recovered diamond, nicknamed the "Lulo Rose", is
the largest pink diamond recovered in the last 300 years
    ** Says the 170-carat diamond is the 27th diamond of above
100 carats to be recovered from co's Lulo concession
    ** Says diamond will be sold via an international tender
process to be conducted by Sodiam EP, the Angolan State diamond
marketing firm 
    ** Stock down 45.6% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))