Dubai's AV Group buys the miner behind Angola's biggest ever diamond and the 'Lulo Rose'

ANI PR Wire

Lulo produced the 404.2-carat "4th February Stone", the largest diamond ever publicly recorded in Angola, and the 170-carat "Lulo Rose", reported as the largest pink diamond found anywhere in 300 years. Since commercial production began in 2015, the mine has recovered more than 49 diamonds of over 100 carats each, roughly one every three months.

The deal, made through the Group's AV Globale arm, also brings in Lucapa's wholly owned Merlin Diamond Project in Australia's Northern Territory. Merlin produced a 104.73-carat white diamond in 2002, still the largest ever recovered in Australia. 

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