SourcingAug 22, 2023
Diamond Companies Support Employees as Canadian Wildfires RageSourcingAug 23, 2023
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.
This 692.3-carat rough diamond was just recovered from the Karowe Diamond Mine in Botswana. It is a Type IIa diamond and measures 46.5 x 40.7 x 28.4 mm.
Vancouver, British Columbia—The Karowe Diamond Mine in Botswana just delivered another 100-carat-plus diamond.
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.
Related stories will be right here …
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.
Editors' Picks
Sponsored by
More on Sourcing
The Latest
CollectionsJan 29, 2026
Ghirardelli’s ‘Chocolocket’ Returns for Valentine’s DayThe chocolatier is bringing back its chocolate-inspired locket, offering sets of two to celebrate “perfect pairs.”
AuctionsJan 29, 2026
These Were Bonhams’ Top 10 Jewelry Lots in 2025The top lot of the year was a 1930s Cartier tiara owned by Nancy, Viscountess Astor, which sold for $1.2 million in London last summer.
WatchesJan 29, 2026
Audemars Piguet Opens AP House in AtlantaThe Swiss watchmaker has brought its latest immersive boutique to Atlanta, a city it described as “an epicenter of music and storytelling.”
Brought to you by
The MJSA Mentor & Apprenticeship Program: Attracting & Training the Next Generation of Bench JewelersLaunched in 2023, the program will help the passing of knowledge between generations and alleviate the shortage of bench jewelers.
ColumnistsJan 28, 2026
Peter Smith: Setting the Next Generation Up for SuccessIn his new column, Smith advises playing to your successor's strengths and resisting the urge to become a backseat driver.
Weekly QuizJan 29, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SurveysJan 28, 2026
Consumer Confidence Falls Below Pandemic Lows in JanuaryThe index fell to its lowest level since May 2014 amid concerns about the present and the future.
IndependentsJan 28, 2026
Foundrae Heads to Aspen for Latest Store OpeningThe new store in Aspen, Colorado, takes inspiration from a stately library for its intimate yet elevated interior design.
Brought to you by
How Jewelers Can Fight Back Against Cell JammersCriminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.
FinancialsJan 28, 2026
Tiffany & Co., Bulgari Sales Resilient as LVMH’s 2025 Sales SlipThe brands’ high jewelry collections performed especially well last year despite a challenging environment.
CollectionsJan 27, 2026
De Beers London, GemFair Debut New Collection Highlighting Artisanal DiamondsThe collection marks the first time GemFair’s artisanal diamonds will be brought directly to consumers.
SourcingJan 27, 2026
GemGuide Launches Pricing for Montana SapphiresThe initial charts are for blue, teal, and green material, each grouped into three charts categorized as good, fine, and extra fine.
TechnologyJan 27, 2026
Clientbook Launches Appointment Booking ToolThe new tool can assign the appropriate associate based on the client or appointment type and automate personalized text message follow-ups.
SourcingJan 26, 2026
Tucson Preview 2026: Earthy Tones and Innovative Shapes Buyers are expected to gravitate toward gemstones that have a little something special, just like last year.
SourcingJan 26, 2026
Angolan Diamond Cos. Join NDC as Rio Tinto, Murowa Exit Endiama and Sodiam will contribute money to the marketing of natural diamonds as new members of the Natural Diamond Council.
MajorsJan 26, 2026
Francesca’s To Close All StoresThe retailer operates more than 450 boutiques across 45 states, according to its website.
MajorsJan 26, 2026
BIJC Names 5 New Board MembersThe new members’ skills span communications, business development, advocacy, and industry leadership.
CollectionsJan 26, 2026
Tiffany & Co. Celebrates 189 Years of Love StoriesThe jeweler’s 2026 Valentine’s Day campaign, “Celebrating Love Stories Since 1837,” includes a short firm starring actress Adria Arjona.
GradingJan 26, 2026
DCA Updates Colored Gemstone CourseThe new features include interactive flashcards and scenario-based roleplay with AI tools.
MajorsJan 23, 2026
Watches of Switzerland Acquires 4-Store Jewelry Chain in TexasFamily-owned jewelry and watch retailer Deutsch & Deutsch has stores in El Paso, Laredo, McAllen, and Victoria.
WatchesJan 23, 2026
Damiani Group to Acquire Baume & MercierThe Italian luxury company purchased the nearly 200-year-old Swiss watch brand from Richemont.
TrendsJan 23, 2026
Martin Katz’s Earrings Call to Mind Wintry Weather Micro-set with hundreds of diamonds, these snowflake earrings recreate “winter’s most elegant silhouette,” and are our Piece of the Week.
MajorsJan 23, 2026
Rembrandt Charms Names New Director of Creative, Brand StrategyElla Blum was appointed to the newly created role.
Supplier BulletinJan 22, 2026
The Rise of Centralized Sourcing in the Colored Gemstone MarketSponsored by RapNet
MajorsJan 22, 2026
Lugano Diamonds Finds a BuyerInvestment firm Enhanced Retail Funding, a division of Gordon Brothers, was the successful bidder.
SourcingJan 22, 2026
De Beers To Release ‘A Diamond Is Forever’ BookIt explores the history of the iconic tagline and the company’s strategy to redefine the role of diamonds in society.
MajorsJan 22, 2026
Swarovski Appoints New North America PresidentRetail veteran Sindhu Culas has stepped into the role.
MajorsJan 22, 2026
Stuller Names New Chief Merchandising, Marketing, Sales OfficerTaylor Burgess, who has been at Stuller since 2013, was promoted to the newly created role.
