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Lucara Unearths 472ct. Rough Stone

Apr 15, 2018 5:07 AM   By Rapaport News
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RAPAPORT... Lucara Diamond Corp. has recovered a 472-carat rough diamond, the third largest from its Karowe mine in Botswana.

The stone is “top light brown,” meaning it has a relatively low color grade.

“In 2018, mining at Karowe is focused in the high-value south lobe, which consistently delivers large, high-quality diamonds in excess of 10.8 carats in size,” CEO Eira Thomas said last week. 

Lucara found the diamond in that part of the mine, the same area that produced the 1,109-carat Lesedi La Rona, which Graff Diamonds purchased for $53 million. The 813-carat Constellation, which sold for a record $63.1 million, also came from the Karowe asset.

Lucara will sell the 472-carat diamond at its exceptional-stone tender later this year.

So far this year, Lucara has recovered four stones over 100 carats.
Tags: Constellation, diamond, Eira Thomas, Graff Diamonds, Karowe, Lesedi La Rona, lucara, Lucara Diamond Corp., Rapaport News
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