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Lucara Kicks Off 2019 With 127Ct. Diamond Find At Karowe Mine

The just-recovered 127-carat diamond

Canadian miner Lucara Diamond Corp. announced it had recovered a 127-carat, top white gem diamond, from its fully-owned Karowe diamond mine in Botswana. Lucara said that since mining began at Karowe in 2012, a total of 129 diamonds in excess of 100 carats have been recovered, 33 in 2018 alone. That tally includes 12 diamonds larger than 300 carats in size, of which 5 were recovered in 2018.

In addition, Lucara has sold 180 diamonds in excess of $1 million each and ten diamonds have sold for in excess of $10 million each.

Lucara CEO Eira Thomas commented, "The recovery of this latest, high-value, top white 127-carat diamond attests to the remarkable nature of the Karowe ore-body, which has consistently delivered large, high-value diamonds throughout its history.”

She added, “2018 was a banner year, having recovered a record number of specials (diamonds larger than 10.8 carats in size) and in 2019, mining will be largely focused on the high-value south lobe, including contributions from the newly refined EMPKS unit which is now understood to be the source of both the historic 1,109-carat Lesedi la Rona and the 813-carat Constellation, which sold for a record $63.1 million.”

Thomas went on to note, “The Karowe diamond mine currently boasts open pit reserves of 2.6 million carats extending out to 2026 and is in the process of completing a feasibility study that could expand mining underground to 2036 and beyond."

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