By:Miningweekly

This is the sixth diamond weighing more than 1 000 ct to be recovered at the mine and comes only weeks after the recovery of a 2 492 ct diamond – the second-largest diamond ever to be recovered.

Lucara points out that the 1 094 ct diamond, unearthed from the EMPKS ore type in the South lobe of the Karowe mine, bears striking similarities to a 692 ct diamond announced in August 2023, which was polished by HB Antwerp and yielded polished diamonds that sold for more than $13-million.

This latest find will also be polished by HB Antwerp as part of an ongoing partnership between the two companies.

"The recovery of this exceptional 1 094 ct 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.

"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," comments Lucara CEO WIlliam Lamb.

The underground expansion project will extend the Karowe mine's life beyond 2040 and has been designed to access the parts of the South lobe at depth where the EMPKS ore type is prevalent.