(IDEX Online) – Lucapa Diamond Co. plans to start an Angolan mine in about two years that may surpass the country’s biggest diamond producer, Catoca, in price per carat. The Lulo deposit about 700 kilometers (435 miles) east of Luanda, the capital, could be even more valuable than Catoca, the world’s fourth-largest kimberlite mine, judging by four stones that were sold for an average price of $6,533 per carat, said Lucapa Managing Director Miles Kennedy. That compares with about $100 per carat for Catoca diamonds.
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