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Mining

Lucara finds exceptional diamonds at Karowe

Lucara has found more large diamonds at the Karowe diamond project

Lucara Diamonds (TSX:LUC) has discovered what it calls “a number” of exceptional diamonds at its Karowe deposit in Botswana.

Recently the deposit yielded up a 336 carat stone, a 184 carat stone, a 94 carat stone and an 86 carat stone.

A 12 carat pink diamond was also discovered recently and is now undergoing polishing.

Over the past three years, since the recovery of the first large diamond from the Karowe diamond mine in 2013, Lucara has recovered 216 diamonds that have sold for more than US$250,000 each.

Twelve of these diamonds sold for more than US$5mln each.

“The ongoing recovery of high value stone sets Lucara apart from most other diamond producers,” said chief executive William Lamb.

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