Less than a month after discovering a massive 2,492-carat diamond, Lucara has discovered another huge diamond at Karowe mine, this time a 1,094-carat rough diamond stone.
According to Lucara, the stone bears striking similarities to the 692-carat diamond announced in August 2023, which was polished by HB Antwerp and yielded polished diamonds that sold for more than $13 million.
Lucara confirms that this newly recovered 1,094-carat stone will also be polished by HB Antwerp, as part of the ongoing partnership between the two companies.
The newly recovered diamond, the sixth stone over 1,000 carats recovered by Lucara, continues the Company's track record of unearthing large, high-value stones from the EMPKS ore type in the South Lobe of the Karowe Mine.
"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. These continued discoveries of large, high-value diamonds demonstrate the consistent quality of our resource and its ability to deliver substantial returns," said William Lamb, President and CEO of Lucara.
"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."