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Karowe Yields Rare Blue and Pink Diamonds

Lucara recovers stones from mine’s high-value south lobe.
Oct 2, 2019 4:44 AM   By Rapaport News
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RAPAPORT... Lucara Diamond Corp has recovered two gem-quality colored diamonds from the high-value portion of its Karowe mine in Botswana.

The company unearthed a 9.74-carat blue diamond and a 4.13-carat pink from run-of-mine ore taken from the south lobe. The recovery follows the recent sale of a 2.24-carat blue from the site for $347,222 per carat, the miner said last week. Last month, the company found two gem-quality white stones in the south lobe, weighing 123 and 375 carats.

“Lucara is extremely pleased with the recovery of these rare, sizeable, fancy-colored diamonds, which have the potential to contribute meaningful value to our regular production of large, high-value type IIa diamonds,” Lucara CEO Eira Thomas said.

The miner will offer the blue and pink diamonds at tender in December, she added.

Image: The 9.74-carat blue and 4.13-carat pink diamonds. (Lucara Diamond Corp.)
Tags: Eira Thomas, Karowe, lucara, Lucara Diamond Corp., Rapaport News
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