Aug 18, 2015

Spectacular 336 Carat Diamond Recovered by Lucara at Karowe

Lucara Diamond’s Karowe Mine continues to throw up large and exceptional diamonds, with the company reporting that it has recently recovered a spectacular Type IIa, 336 carat diamond among other exceptional stones.

During the last few days, a further three exceptional diamonds were also recovered, Lucara said.  These are a 184 carat stone, a 94 carat and a 86 carat stone. A 12 carat pale pink diamond was also recovered, the colour of which will be confirmed post cleaning, it added.

Over the past three years, since the recovery of the first large diamond from the Karowe Diamond Mine in 2013, Lucara has recovered 216 diamonds that have sold for more than $250,000 each. Twelve of these diamonds sold for more than $5.0 million each.

William Lamb, President and CEO, Lucara, commented, “The ongoing recovery of large exceptional diamonds from the Karowe Mine continues to support the resource estimates. 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.”