The 342 carat stone recovered from the Karowe mine in Botswana
The 342 carat stone recovered from the Karowe mine in Botswana

Botswana - Lucara Diamonds, which operates the Karowe diamond mine in Botswana, will sell up to 16 diamonds in its July exceptional stone tender including the 342 carat it recently recovered.

Of the possible 16 diamonds that will be sold on tender, up to six diamonds will be larger than 100 carats - all from Karowe.

Lucara's operational trend of delivering so many large and high value stones since about February 2014 when it began mining in the Karowe kimberlite’s central and south lobes, saw it introduce the ‘exceptional stone tender’ early in 2014. It attracts significant private fund investment.

To date the company has successfully held six such exceptional stone tenders, which will total seven in July.

Viewing for the exceptional stone tender will take place in Gaborone from July 6 to July 16, 2015.

Nestled in the diamond-rich Letlhakane region, surrounded by Debswana’s three major diamond-producing kimberlites (Orapa, Letlhakane and Damtshaa), Karowe shares these projects’ geological genes. In essence, it is a diamond-rich mine; bearing large, high value stones – consistently.

Although only 18 months old, Karowe (AK6 pipe) has already celebrated recovering more than 1 million carats and achieved revenues far above its original forecast expectations.

Top Stories:

GoldCore: New Chinese gold fund seeks to raise $16Bn

Evraz Highveld Steel and Vanadium in legal dispute with Sasfin Bank

Platinum Group Metals receives $20M funding from JOGMEC