Lucara Diamond Corp
The 472 ct diamond recovered from Karowe in April 2018 by Lucara Diamond Corp.

Canadian diamond junior Lucara Diamond Corp. has recovered the third largest diamond ever recovered from its 100%-owned Karowe diamond mine located in Botswana.

The 472 carat, top light brown gem diamond will be sold alongside other exceptional stones recovered since the beginning of the year as part of the first exceptional stone tender later in 2018, recently appointed CEO Eira Thomas notes.

“In 2018, mining at Karowe is focused in the high value south lobe, which consistently delivers large, high quality diamonds in excess of 10.8 carats in size.

At Karowe, a pre-feasibility study assessing the potential for going underground and extending mine-life from 2026 to 2036 is well underway and progressing on schedule for completion towards year-end.

During the year to date, 218 specials (diamonds >10.8 carats) were recovered in the first quarter – the 3rd highest quarterly count on record.

This included four diamonds greater than 100 carats each and at least eight exceptional stone tender qualifying diamond.

Lucara Diamond Corp.’s first regular stone tender was completed in March and will be reported as part of the first quarter results on 8 May 2018.

Clara Diamond Solutions update

Since the February 2018 acquisition of Clara Diamond Solutions, commercialisation work has since commenced, under a budget of approximately US$2 million, and is tracking on schedule for implementation using diamonds from Karowe, beginning in August 2018.

Clara Diamond Solutions is a secure, digital, rough diamond sales platform that combines proprietary analytics with existing cloud and blockchain technologies to modernize the current diamond supply chain.