Lucara Diamond is on an extraordinary streak, achieving feats often deemed once-in-a-lifetime. For the Canadian miner, however, it feels like a monthly occurrence as the company has recently unearthed a 1,094-carat diamond from its Karowe mine in Botswana. Just last month, they made headlines for discovering the world’s second-largest diamond, a remarkable 2,492-carat gem, also in Botswana, an achievement that comes over a century after the world’s largest diamond, the Cullinan Diamond (3,106 carats), was found.
This latest discovery marks the sixth diamond weighing over 1,000 carats to be recovered from Karowe. Experts have pointed out striking similarities to a 692-carat diamond unearthed around this time last year, which was polished by HB Antwerp. That smaller stone alone yielded polished diamonds that sold for an impressive $13 million. The newly recovered 1,094-carat gem will also be polished by HB Antwerp, with expectations to generate diamonds worth multiple millions.
Botswana, the world’s largest diamond producer, continues to see significant finds, particularly from the Karowe mine. According to Mining.com, the mine has produced some exceptional stones in recent years, including the 1,758-carat Sewelô in 2019, the 1,109-carat Lesedi La Rona in 2015, and the 813-carat Constellation, also in 2015. Recognized as one of the highest-margin diamond mines globally, Karowe yields an average of 300,000 high-value carats annually, utilizing advanced technology like X-ray machines to uncover these dazzling gems.
“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,” said Chief Executive William Lamb.
