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Diamantino Azevedo: Latest News

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27.07.2022 / 16:57

Miners unearth rare pink diamond in Angola, believed to be largest found in 300 years

JOHANNESBURG - A big pink diamond of 170 carats has been discovered in Angola and is claimed to be the largest such gemstone found in 300 years.Called the "Lulo Rose," the diamond was found at the Lulo alluvial diamond mine, the mine's owner, the Lucapa Diamond Company, announced Wednesday on its website.The Lulo mine has already produced the two largest diamonds ever found in Angola, including a 404-carat clear diamond.The pink gemstone is the fifth-largest diamond found at the mine where 27 diamonds of 100 carats or more have been found, according to Lucapa, which is based in Australia.Historic 170-carat pink diamond recovered from Lulo, Angola. (Credit: Lucapa Diamond Company) The pink diamond will be sold by international tender by the Angolan state diamond marketing company, Sodiam.

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OPEC president says oil market rebalancing, pandemic still a risk

LISBON : The global oil market is rebalancing after damage to demand wrought by the COVID-19 pandemic was met with curbs on output by producers from the Organization of the Petroleum Exporting Countries (OPEC), the group's president said on Tuesday."Crude prices are relatively stable ... we see a certain balance between demand and supply," OPEC president Diamantino Azevedo told Reuters in an interview."However, due to the pandemic situation the world is living through and with new waves arriving, we could have a situation of smaller demand due to confinements.

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