Lucara finds 257-carat diamond at Karowe

by eyetee | September 25, 2013 1:05 pm

SB_257-Carat — A 257-carat diamond found at the Lucara Diamond’s Karowe mind in Botswana.

Vancouver-based Lucara Diamond Corp. has unearthed a 257-carat diamond from its Karowe Mine in Botswana.

It is one of 47 diamonds the company has found at the mine that is bigger than 50 carats, and one of 14 to weigh more than 100 carats.

“The Karowe mine continues to outperform with the consistent recovery of large, high-value diamonds,” said Lucara president and chief executive officer, William Lamb.

“The recovery of this magnificent 257-carat diamond, along with the recovery of a significant parcel of larger stones over the past six months, strengthens our understanding of the resource at Karowe. Revenues generated from the sale of these diamonds will be used to reduce debt and strengthen Lucara’s balance sheet.”

Mining over the past six months has been focused on the centre and south lobes of the AK6 kimberlite.

Endnotes:

[Image]: http://www.jewellerybusiness.com/wp-content/uploads/2013/09/SB_257-Carat.jpg

Source URL: https://www.jewellerybusiness.com/news/lucara-finds-257-carat-diamond-at-karowe/