Lucara Digs Up 470-Carat Diamond

SourcingJun 10, 2021

Lucara Digs Up 470-Carat Diamond

It’s from the Karowe mine in Botswana.

This 470-carat light brown diamond is the latest big find to come from Lucara’s Karowe mine in Botswana, making it the third diamond weighing more than 300 carats recovered by the mining company this year.
Vancouver, B.C.—The Karowe mine in Botswana has delivered another major diamond.

Lucara Diamond Corp. announced this week the recovery of a 470-carat “top” light brown diamond measuring 49 mm x 42 mm x 26 mm.

It was recovered from the open pit mine’s South Lobe, specifically the EM/PK(S) unit.

Lucara, which owns 100 percent of Karowe, noted it’s recovered a string of large gem-quality stones recently, including five others topping 100 carats: a 265-carat diamond, a 183-carat stone, a 161-carat diamond, a 116-carat diamond, and a 106-carat diamond.

It’s also recovered 13 stones recently weighing between 50 and 100 carats.

Of its entire May production, focused in the EM/PK(S) unit, 12.7 percent of total production weight were diamonds weighing 10.8 carats or more.

The new 470-carat find is the third diamond weighing more than 300 carats recovered this year, including a 341-carat diamond and a 378-carat stone, both discovered in January.

Last month, the miner announced it had secured $220 million in financing to take mining operations at Karowe underground and extend the mine’s life by about 20 years.

Important diamonds like the 1,109-carat “Lesedi La Rona” Graff purchased for $53 million and the 1,758-carat “Sewelô” diamond Louis Vuitton is turning into a jewelry collection were discovered at Karowe.

Lucara CEO Eira Thomas said, “The benefits of a South Lobe-dominated mine plan continue to be realized in 2021 and underpins our confidence in the ever-improving Karowe resource as we mine deeper in the open pit to 2026 and move into underground mining out to at least 2040. 

“Both main rock types from the South Lobe continue to deliver large, high value diamonds, including six diamonds greater than 200 carats in the first five months of this year alone. Our operations remain safe, stable and strong, maintaining all COVID-19 protocols.”

 Related stories will be right here … 
Ashley Davisis the senior editor, fashion at National Jeweler, covering all things related to design, style and trends.

The Latest

Policies & IssuesSep 28, 2021
Vaccine Mandate Raises Questions for Retailers

NRF and RILA say their members need more information and will need more time before requiring employees to get vaccinated.

MajorsSep 28, 2021
Pandora Taps Gen Z Star Addison Rae for Ad Campaign

It also features Charli XCX.

TechnologySep 28, 2021
NDC’s Assure Program Adding Mounted Jewelry Testing

Assure has also enlisted a second lab for testing, at the University of Antwerp in Belgium.

Brought to you by
Bringing Sexy Back: The Allure of COUTURE, Italian Style

Take a tour of Italian designers at COUTURE 2021.

Events & AwardsSep 28, 2021
There’s Still Time to Get Early-Bird Tickets to WJA Awards for Excellence

The in-person and virtual event is slated for Oct. 20.

Weekly QuizSep 23, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of Sept. 20-24, 2021.
Take the Quiz
Events & AwardsSep 28, 2021
Pattons Fine Jewelry Takes Home 3 Awards from Louisiana Jewelers Convention

They included the Jewelers of Louisiana’s top honor as well as two design awards.

EditorsSep 27, 2021
4 Takeaways from the First HardRock Summit

Senior Editor Brecken Branstrator shares insights from the show, including what people have been buying and where it could go from here.

Brought to you by
What is your Health Care Coverage Strategy?

Health care coverage is a big expense for small businesses - find out how to lower costs long-term instead of every 12 months.

CollectionsSep 27, 2021
Gabriel & Co. Launches Men’s Collection

The fine jewelry design company has a dedicated men’s fine jewelry collection and a men’s wedding band array.