News Analysis: The ‘Flawless’ 32.2 carat type 2A Pure White Diamond should give the ‘Stone’ a market value of $1 Million +/- Dollars. The Interesting aspect to this Lulo Mining Operation is that the Company has yet to discover the Kimberlite ‘Pipe(s)’ ; which should hold abundant diamonds. The Company is presently working gravel deposits and the surface.
Investors should consider engaging in Due Diligence when assessing Smaller Mining Operators (they may have some pleasant surprises available).
Reference: http://au.news.yahoo.com/thewest/business/wa/a/20600470/lucapa-digs-up-flawless-rock/