Angola’s major new Luaxe diamond deposit may start trial mining in mid-2020 and could produce one-million carats of diamonds worth $90-million in 2020, Russian diamond producer Alrosa said.
Angola’s state-controlled diamond miner Catoca and Alrosa found Luaxe’s Luele pipe in 2013. Catoca has spent $200-million studying and developing it further and has said the pipe may turn out to be the largest discovery in the industry in 60 years.