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Lucara Unearths 127ct. Diamond

Stone came from Karowe mine’s lucrative south lobe.
Jan 13, 2019 6:56 AM   By Rapaport News
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RAPAPORT... 
Lucara Diamond Corp. has recovered a 127-carat rough diamond from its Karowe mine in Botswana.

The company found the “high-quality” white stone in the deposit’s south lobe, the same area where it unearthed the 1,109-carat Lesedi La Rona and the 813-carat Constellation.

“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 CEO Eira Thomas said Thursday.

Lucara has found 129 diamonds weighing more than 100 carats since it started mining at Karowe in 2012. The company intends to focus on extracting stones from the south lobe this year, as it aims to continue its big-stone recoveries.

Karowe is currently expected to produce rough through 2026. However, Lucara is conducting a feasibility study that could expand underground mining until at least 2036.

Image: The 127-carat rough diamond. (Lucara Diamond Corp.)
Tags: Constellation, Eira Thomas, Karowe, Karowe mine, Lesedi La Rona, lucara, Lucara Diamond Corp., Rapaport News
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