SourcingJun 22, 2021
1,098-Carat Rough Diamond, Third Largest on Record, Found in Botswana SourcingJul 15, 2021
See Lucara’s Latest Find, the 62-Carat Fancy Pink ‘Boitumelo’
And hear one diamond industry analyst’s estimate of its potential value.
Lucara recently uncovered the 62.7-carat fancy pink diamond “Boitumelo” in Botswana.
Vancouver, British Columbia—Lucara keeps raking in the big diamond finds, this time recovering a 62.7-carat fancy pink diamond from its Karowe mine in Botswana.
It is the largest fancy pink gem to found in Botswana, according to the diamond miner, and one of the largest rough pink diamonds on record in the world.
The stone has been named “Boitumelo,” which means joys in Setswana.
Measuring 26 x 17 x 16 mm, it is described as a high-quality fancy pink Type IIa gem.
Lucara uncovered it from the direct ore milling at the EM/PK(S) unit of the South Lobe, the site of many of its biggest finds.
The company said a 22.21-carat fancy pink gem of similar quality was found during the same production period, as were two more pink gems of similar color weighing 11.17 carats and 5.05 carats.
Asked if those additional small pink diamonds could’ve broken off from the same piece as the 62.7-carat diamond, a company spokesperson said: “As the diamonds all came from a similar production period it may be possible, but we cannot confirm this at this time. Further detailed analysis needs to be carried out to confirm if they did indeed originally stem from one diamond.”
Regarding the find, CEO Eira Thomas said, “Lucara is delighted to announce another historic diamond with the recovery of the Boitumelo, and very pleased to demonstrate the continued potential for large, colored diamonds from the South Lobe production.
“These remarkable pink diamonds join a collection of significant diamond recoveries in 2021 produced from the EM/PK(S), which forms a key economic driver for the proposed underground mine at Karowe.”
Related stories will be right here …
Other notable finds at Karowe include the 1,174.76-carat rough diamond of variable quality dug up last month, a 470-carat “top” light brown diamond in June, a 341-carat gem-quality diamond described as top white in color in January, and a 998-carat high white clivage diamond last November.
It was also, of course, the recovery site of the now-well-known Lesedi La Rona.
Graff Diamonds, the London-headquartered company headed by billionaire diamantaire Laurence Graff, purchased the 1,109-carat rough for $53 million, or about $47,777 per carat, in 2017.
‘@LucaraDiamond recovers 63-carat “high-quality” fancy pink diamond. Could rival the Lesedi La Rona in value. For context, Petra just sold a 39-carat blue for $40M. pic.twitter.com/QbLzvps4Eg
— Paul Zimnisky, CFA (@paulzimnisky) July 13, 2021
Diamond industry analyst and consultant Paul Zimnisky thinks this new 62.7-carat fancy pink rough diamond could outdo the Lesedi La Rona in value.
He explained to National Jeweler in an email that while it it is difficult to say for sure until color and clarity have been established, based on the image supplied and Lucara’s initial evaluation, he believes “this could absolutely be an eight-figure diamond.”
Fancy color diamonds have been selling for a premium of late.
Large fancy color stones with good color and quality are extremely rare and always in high demand, Zimnisky added, especially pinks and blues.
Pinks, reds, and violets will only be more so now that the Argyle mine has closed.
Notably, Petra Diamonds just sold an “exceptional” 39.34-carat blue diamond from South Africa to De Beers Group/Diacore International for $40.2 million, or $1 million per carat.
Zimnisky also said he believes recovery of the 62.7-carat pink is “very important for the company,” because of what it could indicate about the site’s potential.
“It’s not clear if this 63-carat pink was broken as they also recovered a 22-carat, 11-carat, and 5-carat of similar color, but if it was, it could indicate that the orebody could host 100-plus-carat fancy colored stones, which is quite exciting.”
Editors' Picks
Sponsored by
More on Sourcing
The Latest
Policies & IssuesJan 10, 2025
Jewelers Relief Fund Reopened to Aid Victims of LA Fires Created by JA and DCA, the fund is collecting money for jewelry businesses damaged by the wildfires in Los Angeles County.
Policies & IssuesJan 10, 2025
Harwell Godfrey, Stephanie Gottlieb Are Raising Money for LA Wildfire ReliefSeveral jewelry designers are lending a helping hand to charities in Los Angeles amid the raging wildfires.
TrendsJan 10, 2025
Piece of the Week: Elsa Jin’s ‘Mozi’ BroochAdrien Brody received his first Golden Globe while wearing the “Mozi” brooch, which depicts a spill of traditional Chinese calligraphy ink.
Brought to you by
A Diamond Is Forever Celebrates "Forever Present" Holiday CampaignA Diamond is Forever hosted a holiday celebration in honor of their new marketing campaign, ‘Forever Present.’
CrimeJan 09, 2025
US Customs Seizes Counterfeit Tiffany & Co. JewelsOfficers in Champlain, New York valued the jewels, if genuine, at nearly $30,000.
Weekly QuizJan 09, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsJan 09, 2025
Karma El Khalil’s New Collection is an Ode to the MoonThe “Moonlight Rhapsody” collection is overflowing with gemstones, from raw opal to morganite and spessartite.
Events & AwardsJan 09, 2025
Here Is the 2025 AGTA GemFair Tucson Educational LineupThe seminar series covers topics from market trends and colored stone terminology to working with museums and growing an Instagram profile.
Brought to you by
De Beers Group Launches Holiday Campaign for Natural Diamonds‘Forever Present’ campaign revives the iconic A Diamond is Forever tagline and celebrates the diamond dream.
IndependentsJan 09, 2025
Virginia Jewelers Raise Nearly $26K for Children’s Hospital at Charity BallNine jewelers donated jewels for a raffle to support the Children’s Hospital Foundation at Virginia Commonwealth University.
WatchesJan 08, 2025
Oris Debuts Hot Pink Miss Piggy WatchMiss Piggy shared her thoughts on being fabulous, the importance of accessories, and how to be your own cheerleader.
Lab-GrownJan 08, 2025
Effy Introduces Brand Dedicated to Lab-Grown Diamonds“Promise by Effy” includes fashion jewelry and engagement rings.
IndependentsJan 08, 2025
Haltom’s Jewelers to Close After 130 YearsThe Texas-based jeweler is closing all three locations.
TrendsJan 08, 2025
Zendaya’s Engagement Ring Combines Vintage and Modern ElementsZendaya’s ring, featuring an east-west set elongated cushion-cut diamond, is said to be from British designer Jessica McCormack.
ColumnistsJan 07, 2025
The Smart Lab: The Hottest Digital Marketing Trends For 2025Micro-influencers, customer reviews, and shoppable videos are going to be key to getting customers’ attention, Emmanuel Raheb writes.
TrendsJan 07, 2025
Amanda’s Style File: January Is for GarnetGarnet is comprised of a group of minerals, giving those with a birthday in January options when it comes to their birthstone.
IndependentsJan 07, 2025
Edge Retail Academy Names 2024 ‘Wag’ Award Winner The annual award, created in memory of business coach William “Wag” Wagner, went to a retailer in Fairfax, Virginia.
MajorsJan 07, 2025
Jewelers for Children Promotes Round-Up Fundraising ProgramRetailers and vendors can ask customers to make a donation by rounding up to the next dollar at checkout.
SourcingJan 07, 2025
Columbia Gem House To Debut Lightning Ridge Opal CollectionThe wholesaler is partnering with Australian brand Cheal Opal on a new offering of calibrated stones.
EditorsJan 06, 2025
White Hot: 8 Glamorous Jewelry Looks From the Golden GlobesFrom Zendaya to Selena Gomez and Zoe Saldaña, many stars at the 82nd Golden Globes were wearing white gold or platinum jewelry.
CrimeJan 06, 2025
FBI Adds 2 Suspected Jewelry Thieves to Its Wanted ListDescribed by JSA as being “habitual offenders,” Vasile Sava and Onita Rostas have federal warrants out for their arrest in Kansas.
MajorsJan 06, 2025
PDPaola Opens First U.S. StoreThe Barcelona-based brand’s flagship boutique is located in New York City’s West Village neighborhood.
IndependentsJan 06, 2025
Facets of Fire Debuts New Jewelry DisplaysA solar-powered loose diamond holder rotates the stones to show off how they catch the light.
IndependentsJan 03, 2025
Kelly Newton, Shipley Award Winner and Devoted Family Man, Dies at 74Newton owned and operated Newton’s Jewelers in Fort Smith, Arkansas, and is remembered for being positive, honest, and loving.
Events & AwardsJan 03, 2025
12 Works by Glenn Lehrer, Paula Crevoshay on Display at Lapidary Museum“Synergy & Symbiosis” is open now through late April at the Lizzadro Museum of Lapidary Art in Oak Brook, Illinois.
CollectionsJan 03, 2025
Piece of the Week: Renna’s ‘Butterfly Caspian’ NecklaceBegin 2025 with a butterfly intaglio symbolizing change and transformation.
CrimeJan 02, 2025
Rolex Sale That Went South Led to Murder of Florida Jeweler, Report SaysJeweler Anthony D’Amore was found dead inside his office Dec. 23, marking the fourth jeweler killed on the job in 2024, according to JSA.
WatchesJan 02, 2025
Ben Bridge Opens Tudor Boutique in HonoluluThe opening marks Tudor’s first location in Hawaii.
