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Lucara Recovers 327ct. Rough Stone

Apr 29, 2018 5:30 AM   By Rapaport News
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RAPAPORT... Lucara Diamond Corp. has unearthed a 327-carat rough diamond from its Karowe mine in Botswana.

The high-color white diamond is the eighth over 100 carats that Lucara has found this year, and the ninth largest in its history, it said last week.

Earlier this month, the miner recovered a 472-carat “top light brown” diamond. Lucara, known for producing large stones from Karowe, sold its biggest find, the 1,109-carat Lesedi La Rona, to Graff Diamonds for $53 million in 2017. The company sold the 813-carat Constellation in 2016 for a record $63.1 million.

The miner will sell the 327-carat and 472-carat diamonds at an exceptional-stone tender in June, along with other special-size stones the company has recovered since the start of the year.

Lucara’s sales of exceptional stones, excluding the Lesedi La Rona and the Constellation, fell 39% in 2017, according to Rapaport calculations. 
Tags: Botswana, Constellation, diamond, Graff Diamonds, Karowe, Karowe mine, Lesedi La Rona, lucara, Lucara Diamond Corp., Rapaport News
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