Sourcing

Botswana Mine Yields Another Big Diamond

SourcingApr 27, 2018

Botswana Mine Yields Another Big Diamond

This one is 327 carats and comes two weeks after the same diamond mine produced a 472-carat diamond.

The 327-carat top white, gem-quality rough diamond found in Botswana this week is the eighth diamond that’s 100 carats or larger recovered by Lucara Diamond Corp. this year.

Vancouver—For the second time this month, a company that mines diamonds in Botswana has recovered a rough diamond that’s well over 100 carats.

Lucara Diamond Corp. said Thursday its Karowe mine yielded a 327-carat gem quality diamond. Just two weeks ago, this same mine produced a 472-carat diamond.

That stone, however, is described as top light brown, while the smaller rough diamond found this week is reported to be top white in color.  

Vancouver-based Lucara said it plans to hold a tender for exceptional stones in June that will include both the 472- and 327-carat diamonds, along with other diamonds bigger than 10.8 carats recovered this year. Viewings will be held in Gaborone, Botswana, between June 10 and 19, with the tender scheduled to close June 19 at 4 p.m. CET.   

The exceptional stone tender will come halfway through what has been a bumper year for big diamond finds.

Lucara’s Karowe Diamond Mine has yielded a total of eight diamonds that are larger than 100 carats so far this year.

And Gem Diamonds Ltd. has recovered seven from its Letšeng mine in Lesotho, including a 910-carat stone that’s the fifth-largest rough diamond on record. Gem sold the diamond for $40 million in March.

Michelle Graffis the editor-in-chief at National Jeweler, directing the publication’s coverage both online and in print.

The Latest

MajorsOct 22, 2021
These Jewelry Companies Are Among the World’s Most Valuable Brands

That’s according to Interbrand, which just released its 2021 list of 100 Best Global Brands.

WatchesOct 22, 2021
New Citizen Campaign Shines Light on Solar Power

The “Purposeful Power” campaign will raise money for Everybody Solar, which provides solar power to nonprofits.

CollectionsOct 22, 2021
The Artistry 2022 Catalog Is Out

It’s full of bestsellers to stock up on.

Brought to you by
Buying a Diamond is More Than Knowing the 4C’s

Buyers may be excited about online diamond deals, but there are uncertainties surrounding the authenticity and clarity of the diamonds.

CollectionsOct 22, 2021
Piece of the Week: Nouvel Heritage’s Mood Necklace

The brand’s signature bangle gets a necklace companion.

Weekly QuizOct 22, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of Oct. 18-22, 2021.
Take the Quiz
SurveysOct 21, 2021
10 Retailers on Why They Expect the Diamond Boom to Continue

However, their optimistic outlook comes with a hint of caution due to a number of factors out of their collective control.

ColumnistsOct 21, 2021
Squirrel Spotting: It’s a Diamond Moment!

It’s no doubt diamond sales are booming, but why? Peter Smith explores the complicated reasons why consumers want the stones right now.

Brought to you by
Viva Italia! Why the JCK Italian Pavilion Was a Sight Worth Seeing at JCK Las Vegas

One of the highlights of the JCK show in Las Vegas has always been the Italian Pavilion, buzzing with excitement and elegance.

IndependentsOct 21, 2021
Quiz: How Closely Have You Been Reading Our Columns?

Brush up on the finer points of customer budgets, recruiting new employees and driving traffic to a new website with this quick test.

×