692-Carat Diamond Recovered From Karowe Mine
Lucara said it’s the 20th stone weighing more than 100 carats the mine has produced this year.

Owner and operator Lucara Diamond Corp. announced Monday that it has recovered a 692.3-carat stone from the mine.
The diamond, which measures 46.5 x 40.7 x 28.4 mm, is a Type IIa diamond. Lucara said it was found in the MDR (mega-diamond recovery) XRT unit from direct milling of ore sourced from the mine’s South Lobe.
The discovery of the 692-carat diamond comes less than two weeks after the company announced that the South Lobe had produced its fourth rough diamond weighing more than 1,000 carats since 2015.
The 1,080.1-carat diamond also is a Type IIa stone and was recovered in the Coarse XRT unit.
Lucara CEO William Lamb said the 692-carat diamond is the 20th stone weighing more than 100 carats recovered at Karowe so far this year.
He said its discovery “strongly supports” the company’s expectation of finding larger diamonds when it goes underground at the mine as the majority of material mined will be from the same phase of kimberlite.
Lamb, who first served as Lucara CEO from May 2011 to February 2018, took over again earlier this month, replacing Eira Thomas.
Underground production at Karowe originally was supposed to commence in the second half of 2026, but the company announced last month that it will take longer and cost more than originally planned.
The Latest

Senior Editor Lenore Fedow headed to Savannah to learn more about the 10-year, $10 million partnership between JM and the art school.

Its new capsule jewelry collection features gold-finished stainless steel pieces designed for a maximalist look without a luxury price tag.

The week-long event in Geneva is slated for April 2027.

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

Jewelers are missing out by not offering this one key add-on at the online point of sale, Emmanuel Raheb writes.


The fourth collaborative collection from the retailer and jewelry content creator focuses on gemstone charms and strands of colorful beads.

This year’s AGTA Spectrum & Cutting Edge Awards will feature two new categories.

DCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.

The collection features traceable alexandrite from Brazil in calibrated sizes that is sorted by grade.

Dhaval Raja has been appointed to the role.

The capsule collection looks to vintage trunk pins that echo the spirit of speed, freedom, and the mythology of the American road trip.

SSEF issued a notice about the potential new source of the sought-after gemstone, citing “credible reports” from trade sources.

As Amazon Prime Day kicks off, Etsy is encouraging shoppers to support small businesses.

Cole Winward is the recipient of 2026 AGA Gemological Scholarship.

Whether they evoked nostalgia, wonder, or laughter, these jewels put a smile on our faces.

Scheduled for April 2027, Basilia will be the first watch and jewelry trade show held in Basel since the collapse of Baselworld in 2020.

Submissions for the milestone 25th annual Gem Awards will be accepted across three categories from now through July 31.

The beloved beagle dons his aviator outfit for the new Engineer Master II Snoopy Flying Ace timepiece.

The recent high jewelry auction, which also featured the sale of a 10-carat blue diamond, was “a celebration of color.”

She wore the “Le Cauri Endiamanté” earrings, our Piece of the Week, in the Obamas’ first dual portrait for the Obama Presidential Center.

Couture’s Michelle Orman joins Amanda Gizzi and Michelle Graff for this special post-Market Week episode of My Next Question.

The lab is seeing emeralds with filler added post-testing enter the market, accompanied by reports that indicate little to no treatment.

The third generation of the Stern family to head Patek Philippe, he navigated the “quartz crisis” and preserved the brand’s independence.

The Texas-based jeweler is gradually rolling out a new experience-forward layout in its stores.

The Super Bowl LX champions were honored with diamond and blue sapphire rings by Jason of Beverly Hills.

Marianna Smirnova previously spent a decade working with the Responsible Minerals Initiative, in addition to other relevant roles.

The New York Knicks took home the Larry O'Brien Trophy crafted by Tiffany & Co.
























