This latest find, a 176-carat Type IIa diamond, marks the 45th diamond over 100 carats and the eighth largest since the Australian mining company began operations at the site in January 2015.

Just recently, at the end of May, Lucapa revealed the recovery of a 195-carat Type IIa diamond. The largest diamond ever recovered at Lulo remains the 404-carat Type IIa diamond, discovered in February 2016.

Earlier this month, Lucapa resumed its search for the kimberlite sources of the diamonds currently being recovered at Lulo, identifying 23 kimberlites for bulk sampling in the ongoing exploration phase.

Nick Selby, the company's managing director and CEO, remarked, "The recovery of this 176-carat diamond further underscores the massive potential of the kimberlite province where we are concentrating our exploration efforts to uncover the source(s) of these magnificent gems."

"The diamond, as evidenced by its sharp, angular edges, appears not to have traveled far," he added, highlighting the significance of the discovery.