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Lonrho Mining Limited (ASX:LOM) announced it 131.4 carat diamond recovered at the Lulo Concession in Angola last month was valued at $US3.5 million.
Lonrho Mining Limited (ASX:LOM) announced it 131.4 carat diamond recovered at the Lulo Concession in Angola last month was valued at $US3.5 million.
As quoted in the press release:
The valuation is contained in a report by Independent Diamond Valuers Pty Ltd (IDV), who inspected and valued a sample of 292 diamonds, weighing 495.7 carats, recovered by Lonrho from a series of alluvial bulk samples at Lulo. The diamonds were washed in acid before being inspected and valued.
The IDV report ascribes a total value of $US3.91 million to the sample of 292 alluvial diamonds from Lulo.
Click here to read the Lonrho Mining Limited (ASX:LOM) press release.