472-Carat Diamond Found in Botswana

SourcingApr 13, 2018

472-Carat Diamond Found in Botswana

It’s the third-largest diamond yielded by Karowe, the mine that also produced the 1,109-carat Lesedi La Rona.

The Karowe diamond mine in Botswana just produced this 472-carat “top light brown” rough diamond. It’s the third-largest diamond ever found at the mine.

Vancouver, British Columbia--Lucara Diamond Corp. announced Thursday that the Karowe diamond mine in Botswana has yielded another big stone, this one weighing 472 carats.

The diamond, described as a “top light brown” stone, is the third largest diamond ever recovered from Karowe, which also yielded the 1,109-carat diamond dubbed the “Lesedi La Rona,” which was purchased by Graff Diamonds in September for $53 million.

The second-largest diamond ever found at Karowe was the 812.77-carat “Constellation” diamond, which was discovered just a few days after the Lesedi La Rona in the fall of 2015. The Constellation sold in May 2016 for $63 million.

Lucara CEO Eira Thomas said that this year the company is focused on mining at the high-value south lobe, which is known as a consistent source of diamonds weighing more than 10.8 carats.

In Q1 2018, Lucara reported that it recovered 218 “specials” (diamonds that are more than 10.8 carats), including four diamonds greater than 100 carats.

The 472-carat diamond will be sold alongside other exceptional stones at a tender set to take place later this year, Thomas said.

A co-founder of Lucara, Thomas took over as CEO in February, when William Lamb retired and stepped down from the board of directors.

That same month, the company announced the acquisition of Clara, a digital rough diamond sales platform that combines proprietary analytics with cloud and blockchain technologies.

Lucara said it is on schedule to begin applying the technology to diamonds from Karowe in August.
Michelle Graffis the editor-in-chief at National Jeweler, directing the publication’s coverage both online and in print.

The Latest

Events & AwardsDec 03, 2021
JA New York's Spring Show to Return in 2022

The New Designer Gallery will also make its comeback.

Events & AwardsDec 03, 2021
Gary Roskin Will Receive the 2022 Bonanno Award

Roskin heads the International Colored Gemstone Association, and is a graduate gemologist, author, journalist, and diamond grading expert.

Policies & IssuesDec 03, 2021
Alliance for Responsible Mining Names New Executive Director

Gina D’Amato joins with more than 15 years of experience in sustainable development.

Brought to you by
Train Your Staff Today with Interactive eLearning

Join the prestigious brands, industry organizations and sellers using IGI’s educational services.

CollectionsDec 03, 2021
Piece of the Week: Angely Martinez’s Island Bar Ring

The designer’s memories of beach trips and nature in the Dominican Republic inspired her new opal and pearl collection, “Aqualescence.”

Weekly QuizDec 02, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of Nov. 29-Dec. 3, 2021.
Take the Quiz
FinancialsDec 02, 2021
Signet Raises Guidance Again, Expands Selection of Lab-Grown Diamonds

Its additions include an exclusive lab-grown diamond cut for Zales’ “Vera Wang True” line and a lab-grown option for Kay’s “Leo” cut.

TrendsDec 02, 2021
A New Book on Lover’s Eyes Jewelry Is Out Now

“Lover’s Eyes: Eye Miniatures from the Skier Collection” features more than 130 examples of the much-sought-after antique style.

Brought to you by
3 Tips For Entering the Estate Market

Generate foot traffic and expand your jewelry expertise by adding an estate assortment to your store in partnership with Windsor Jewelers, Inc.

SurveysDec 02, 2021
2021 Will Be the ‘Year of Jewelry,’ Analyst Says

Edahn Golan forecasts a blockbuster holiday season will cap off a stellar year for U.S. jewelry sales.