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.”
The Latest
These earrings use flat-backed white quartz to create a window onto an antique ribbon embroidered with a floral design.
This year’s AGTA Spectrum & Cutting Edge Awards included a new category for engagement rings and a new award highlighting female designers.
Plus, CEO Beth Gerstein shares her insight on the holiday season and the possibility of new tariffs.
From protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
The month’s birthstones, citrine and blue topaz, reflect the changing colors of the season.
The “Carey Lowell x Sidney Garber” collection stems from the friendship between the jewelry designer and ceramicist.
The two ads highlight diamond engagement rings and diamond studs with a straightforward approach.
This fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
In 2025, the nonprofit plans to continue its support of longstanding partners while also allocating some funds to a new initiative.
The Rolex watches are from the collection of “Titanic” co-producer Alfred “Al” Giddings and will go up for sale at Sotheby’s next month.
The Danish jewelry company plans to open up to 150 concept stores this fiscal year.
The location will close by the end of the year due to it being financially unsustainable, GIA said.
The new campaign stars Sterling K. Brown, Hero Fiennes Tiffin, Winnie Harlow, Kyle Kuzma, Arizona Muse, and Iris Law.
One lucky winner will receive a “Lizzie” diamond bracelet.
Samantha Larson has joined the Boston-based retailer.
The Emerging Jewelers Accelerator Program will guide retail jewelry entrepreneurs through an eight-month educational curriculum.
Ten chosen designers will receive mentorship and participate in a design contest for the Tiffany & Co. x CFDA Jewelry Designer Award.
Dana J. Lorberg brings 35 years of experience in finance, technology, and strategy to the role.
The suspects are said to have been involved in the armed robberies of four jewelry stores across three Midwest states.
The new designs blend Creative Director Reed Krakoff’s aesthetic with the brand’s Balinese roots.
The Dallas-based jeweler will showcase timepieces from Cartier, IWC Schaffhausen, Jaeger-LeCoultre, Parmigiani Fleurier, and more.
The new store features a custom design studio and a bridal salon.
Designer Rosanne Karmes has created a collection to coincide with the release of the movie musical, which is expected to be a blockbuster.
The retailer said it will file the necessary paperwork to regain compliance as soon as it is able.
Whether you’re calming the jittery gentleman in seat 13B or selling a diamond ring to a hesitant customer, an empathetic approach is best.
The gala includes a red carpet, music from DJ Renata, an awards program, and “mystery boxes.”
The trade show, in its third year, will take place in late September at the Donald E. Stephens Convention Center in Rosemont, Illinois.