The shares of Lucapa Diamond Company have been placed in an Australian Securities Exchange (ASX) trading halt until an update about a 32.2 carat diamond recovery is made. The company, whose shares last traded at 7c, has requested the trading halt remain until the market opens on Monday. The diamond was found from its Lulo concession in Angola.

In a recent announcement outlining that 11 out of 17 recovered diamonds were Type 2A, Mr Miles Kennedy said the fact Lucapa continued to recover such rare diamonds proves that its project was emerging as an exciting new diamond province.

The ‘exceptionally white’ D colour, 32.2 carat, Type 2A diamond was recovered from a bulk sample approximately 1,600 meters south east of the priority Se251 kimberlite pipe. The diamond measures 32x10x8mm, is of irregular dodecahedral shape, is the largest recovered through Lucapa's new Dense Media Separation plant, and the fourth largest diamond recovered at Lulo. Lucapa continues to recover large, rare diamonds from multiple pits within the 3,000 square kilometer Lulo project and is are confident of finding the kimberlite pipes that are the source of these diamonds.