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SourcingAug 18, 2015
Lucara finds 336-carat diamond in Botswana
The diamond producer continues to find exceptional diamonds at its Karowe mine in Botswana, recovering a total of four stones of notable size recently.
Vancouver, B.C.--The Karowe mine in Botswana just keeps churning out the large diamonds for Lucara.
On Monday, the company announced that it had unearthed a Type IIa, 336-carat diamond.
In addition, Lucara Diamond Corp. recovered three other exceptional diamonds over the weekend: a 184-carat diamond, a 94-carat diamond, and an 86-carat diamond. A 12-carat pale pink diamond also was discovered, the color of which will be confirmed once it has been cleaned.
The news follows the discovery of a few other pieces of notable rough from Karowe, including a 341.9-carat gem-quality diamond and two stones that were more than 100 carats each that led the company’s July tender.
Over the past three years, since the first discovery of a large diamond at the Karowe mine, Lucara said it has recovered 216 diamonds that have sold for more than $250,000 each. Twelve of these stones sold for more than $5 million each.
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“The ongoing recovery of large exceptional diamonds from the Karowe Mine continues to support the resource estimates,” President and CEO William Lamb said. “This resource has consistently produced significant value for the company and its shareholders and the ongoing recovery of high value stones sets Lucara apart from most other diamond producers.”
Lucara Diamond Corp. is based in Vancouver. It owns 100 percent of the Karowe Mine in Botswana, and also has the Mothae Project in Lesotho, which is operates in a 75-25 percent partnership with the government of the kingdom.
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