1,094-Carat Diamond Recovered in Botswana Just Weeks After Historic Find
The giant gem originated from Karowe, the same mine that yielded a 2,492-carat rough diamond in late August.
Lucara Diamond Corp., the company that has mined the deposit since it was fully commissioned in 2012, announced late Sunday that it has recovered a 1,094-carat diamond from Karowe.
It is the sixth diamond weighing more than 1,000 carats discovered by Lucara at Karowe, and the second 1,000-carat-plus diamond recovered there this year.
In a statement, Lucara compared the giant gem’s quality with the 692-carat stone recovered in August 2023, a Type IIa diamond that generated polished stones that sold for more than $13 million.
Like the 692-carat stone, the 1,094-carat rough diamond originated from the mine’s South Lobe.
These two stones, as well as the record-setting 2,492-carat diamond pulled out of the ground in late August, were identified and saved by the x-ray transmission technology Lucara installed at Karowe’s processing plant in 2017.
This technology allows the miner to identify and preserve large, high-value diamonds as they move through the plant, stones that historically would have been lost to the crusher.
The 1,094-carat diamond shows “minimal to no damage,” as it was recovered early on in the processing stream, Lucara said.
HB Antwerp will purchase and polish the diamond, per the recently revived 10-year sales agreement the diamond manufacturer has with Lucara.
Commenting on the latest find, Lucara President and CEO William Lamb said, “The recovery of this exceptional 1,094-carat diamond is a testament to Karowe’s remarkable potential and further validates our investment in the underground expansion project.
“As we progress with our underground development, we’re increasingly confident in Karowe’s capacity to produce these legendary diamonds well into the future, cementing our position in the high-end diamond market.”
The Latest
Estimates on the size and value of the solitaire diamond, which is mounted on a diamond pavé-set yellow gold band, vary.
These half-moon tanzanite earrings totaling 25 carats are part of a special trunk show taking place this weekend in Dallas.
The National Jeweler editors recap the top news, the best jewels, and their favorite stories of the year.
For over a century, Jewelers of America has been the voice of the industry and valuable resource to jewelers across the country.
The highest-grossing lot of the sale was the retired QB’s Rolex Paul Newman Daytona “John Player Special.”
Carrie Forman joins the brand to guide it into the next phase of growth with major and independent retailers in the U.S. and abroad.
The high jewelry collection features 14 one-of-a-kind pieces, with serpent and ribbon motifs winding their way through the collection.
While no reputable jeweler would knowingly sell lab-grown stones as natural, it's a growing possibility.
A federal judge gave Benjamin Preacher 59 days in jail, plus 10 months of home confinement and two years of supervised release.
In a CNBC interview, CEO Tehmasp Printer discussed the IPO in India and what declining lab-grown diamond prices mean for the company.
The offering included vintage Rolexes, timepieces worn in “Titanic,” Steve McQueen's watch, and a special Citizen pocket watch.
The 13-piece “Stephanie Gottlieb x Studs” collection is the piercing studio’s first fine jewelry offering to feature the gemstone.
The Brazilian jewelry brand made a home on New York City’s Madison Avenue with exclusive pieces only available at the location.
An Adobe Analytics report explored the rise in mobile shopping, the popularity of Buy Now Pay Later options, and peak shopping hours.
The inaugural Dick Greenwood Memorial Scholarship in Gems Science will cover the fall 2025 and spring 2026 semesters.
A Piazza Italia pavilion will feature Italian designers and manufacturers while “MJSA Showcase” brings over a piece of the MJSA Expo.
“Ray Griffiths: The Works” tells the story of the master jeweler’s career, which started with an apprenticeship in Australia at age 15.
Davis is the director of business development at Select Jewelry Inc., and Mobley is the jewelry and watch editor at the Natural Diamond Council.
The retailer has been upping its marketing spend to drive revenue growth and brand awareness.
Mike Straub and John Treiber opened Treiber & Straub in 1980 with the goal of bringing Milwaukeeans the best jewelry brands.
The color for 2025, “Mocha Mousse,” embodies thoughtful indulgences and everyday pleasures.
The Yoruba word for ant, “Kokoro” embodies the strength of womanhood in ant society while highlighting responsible sourcing.
The retailer’s jewelry sales doubled, with branded jewelry performing especially well.
The jewelry retailer addressed the lab-grown diamond “disruption,” the price of gold, and its holiday weekend performance.
A more positive view of the current labor market boosted the Conference Board’s index last month.
The director of the Swiss Gemmological Institute (SSEF) will be honored for his impact on gemology and dedication to advancing the science.
Sponsored by 2025 AGTA GemFair Tucson