Angola: 404 carats diamond unearthed, worth USD 14.3 million

An Australian mining company has unearthed a 404-carat diamond in Angola measuring more than seven centimeters in length and valued at more than USD 14.3 million.

“The 404.2 carat diamond was discovered from a mining block 8 at Lulo, which has already produced more than 60 large special diamonds since mining commenced in this area in August 2015,” the company said in a statement.

The Lucapa diamond company further noted that the diamond was the largest ever found in Angola and was believed to be the 27th largest in the world.

Angola is the world’s fourth biggest country for diamond production. The 404.2 carat gem is now topping the country’s production, topping the 217.4 carat gem found in 2007 and dubbed the “Angolan Star.”

Endiama Chairman, Eng. Antonio Carlos Sumbula said the recovery of the 404.2 carat diamond represented another significant milestone in the growth and development of the Angolan diamond mining industry.