Lucara Diamond, the Canadian mining company, continues its remarkable streak, achieving milestones that most mining companies experience only once in a lifetime.
For Lucara, however, this seems to be becoming a monthly occurrence. Just last month, the company made headlines by discovering the second-largest diamond in the world, an astounding 2,492-carat gem. Now, from its famed Karowe mine in Botswana, Lucara has unearthed another gem—a 1,094-carat diamond.
This latest discovery marks the sixth diamond weighing over 1,000 carats extracted from the Karowe mine. Experts have noted its similarity to a 692-carat diamond found last year, which was processed at HB Antwerp and sold for an impressive $13 million. The new 1,094-carat diamond is also expected to be polished at HB Antwerp, with forecasts predicting it will yield diamonds worth multimillion-dollar sums.
Botswana, the world’s largest diamond producer, continues to reveal significant gems, especially from the Karowe mine. According to Mining.com, the mine has produced some of the most impressive diamonds in recent years, including the 1,758-carat Sewelô diamond in 2019, the 1,109-carat Lesedi La Rona diamond in 2015, and the 813-carat Constellation diamond, also discovered in 2015. Recognized as one of the highest-margin mines globally, Karowe produces an average of 300,000 carats of high-value diamonds annually, using advanced technology such as X-ray machines to detect these dazzling gems.
“As we advance with underground development, we are increasingly confident in Karowe’s capacity to continue producing these legendary diamonds far into the future, solidifying our position in the luxury diamond market,” said Lucara Diamond CEO, William Lamb.
