Lucara Diamond has recovered a 1,094-carat rough diamond from its wholly-owned Karowe Mine in Botswana.
This is the sixth stone of over 1,000 carats recovered by Lucara and follows the unearthing of a 2,492-carat diamond from the same mine last month.
The miner said the stone bears striking similarities to the 692-carat diamond found in August 2023, which was polished by HB Antwerp and yielded polished diamonds that sold for more than $13 million.
It said the 1,094-carat stone will also be polished by HB Antwerp, as part of the ongoing partnership between the two companies.
"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,” said Lucara chief executive William Lamb.
“These continued discoveries of large, high-value diamonds demonstrate the consistent quality of our resource and its ability to deliver substantial returns. 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."
He said the recovery of a second historic +1,000-carat diamond this year aligns with the company's underground expansion project, which aims to extend the life of the Karowe Mine beyond 2040.
Mathew Nyaungwa, Editor in Chief, Rough&Polished
