Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns

David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.

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Lucara recovers 2,492-ct diamond at Botswana mine

22 august 2024

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Lucara Diamond recovered an exceptional 2,492-carat diamond from its wholly-owned Karowe Diamond Mine in Botswana.

The stone, which is one of the largest rough diamonds ever unearthed, was recovered from the processing of EM/PK(S) kimberlite, the dominant ore type that Lucara will continue to target during the first years of the company's underground mining operations.

Lucara said the diamond was detected and recovered by its Mega Diamond Recovery (MDR) X-ray Transmission (XRT) technology, installed in 2017 to identify and preserve large, high-value diamonds.

The latest recovery joins a roster of other significant finds from the mine, including the 1,758-carat Sewelô and the 1,109-carat Lesedi La Rona.

“We are ecstatic about the recovery of this extraordinary 2,492-carat diamond,” said Lucara chief executive William Lamb.

“This find not only showcases the remarkable potential of our Karowe Mine but also upholds our strategic investment in cutting-edge XRT technology. The ability to recover such a massive, high-quality stone intact demonstrates the effectiveness of our approach to diamond recovery and our commitment to maximising value for our shareholders and stakeholders."

Mathew Nyaungwa, Editor in Chief, Rough&Polished