The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Lucara Digs Up 127-Carat Diamond
The miner said it’s the 129th rough diamond weighing more than 100 carats found at Botswana’s Karowe mine.
Vancouver—Diamond miner Lucara Diamond Corp. has recovered its 129th rough diamond weighing more than 100 carats from the Karowe mine in Botswana.
Announced last week, the latest large diamond find weighs in at 127 carats. Lucara described it as a top, gem-quality white stone.
Karowe, which Vancouver, Canada-based Lucara owns in its entirety, opened in 2012. Last year alone it produced 33 diamonds weighing more than 100 carats.
Of the 129 one hundred-plus carat diamonds Lucara has ever recovered at the site, 12 are more than 300 carats. Five of those were found just last year.
“The recovery of this latest, high value, top white 127-carat diamond attests to the remarkable nature of the Karowe orebody, which has consistently delivered large, high value diamonds throughout its history,” Lucara President and CEO Eira Thomas said in a press release.
Thomas said this year, mining efforts will be concentrated in the south lobe, where the 1,109-carat Lesedi la Rona and the 813-carat Constellation diamond were discovered in 2015.
Mining at Karowe is scheduled through 2026, though Thomas added that Lucara is completing a study that could extend the mine’s lifetime by a decade or more.
The Canadian company has sold 180 Karowe diamonds for more than $1 million each and 10 diamonds for more than $10 million each.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.