News

Advanced Search

Karowe Yields Two Massive Stones

Sep 19, 2019 7:46 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Lucara Diamond Corp. has recovered a 123-carat, type II rough and a 375-carat, gem-quality stone from the high-value portion of its Karowe mine in Botswana, it said Wednesday.

Including the two diamonds, the company has unearthed 29 diamonds over 100 carats, including eight weighing more than 200 carats. The 123-carat diamond was from the run of mine ore at the EM/PK(S) portion of the south lobe of Karowe, known for its high-value, large diamonds, including the 1,109-carat Lesedi La Rona. The miner retrieved the 375-carat stone from the south lobe’s tailings - ore that has already been processed once.

“Lucara is pleased with the continued strong performance of the mine and the consistent recovery of large, high-quality diamonds that contribute more than 70% of Lucara’s total revenues,” said Lucara CEO Eira Thomas.

The miner also held its third rough-diamond tender on August 29, which was well attended despite weak market conditions, Thomas noted. Some 123 companies attended, with 47 of those winning one or more lots. A total of 19 diamonds have sold for more than $1 million from the three sales held so far this year, with seven of those selling for more than $2 million and one for in excess of $8 million.

Image: The 123-carat rough. (Lucara Diamond)
Tags: Constellation, Eira Thomas, Karowe, Karowe mine, Lesedi La Rona, lucara, Lucara Diamond Corp, Rapaport News, Sewelô
Similar Articles
AlrosaAlrosa Sales Decline at Slower Rate
Oct 15, 2019
Alrosa’s sales fell 24% year on year to $258.7 million in September, amid continued market weakness. However,
BDBIndia’s Polished Trade Declines
Oct 03, 2019
India’s polished-diamond exports fell 25% to $1.64 billion in August, data from the Gem & Jewellery
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.