Lucara Unearthed the Largest Diamond in Recent History

Lucara Unearthed the Largest Diamond in Recent History


Lucara Diamond Corp (OTCMKT:LUCRF) has unearthed the largest uncut diamond in recent history in its Karowe mine in Botswana, the Canadian company said recently, beating its own record discovery from November 2015.

The 1,758-carat diamond, larger than a tennis ball, weighs close to 352 grams (12.42 oz), Lucara said. The stone is 2nd in size only to the 3,106-carat Cullinan Diamond, recovered in South Africa in Y 1905.

The stone is the latest in a series of high-value recoveries for the Vancouver-based company at Karowe.

Since introducing its XRT diamond recovery technology, Lucara has recovered 12 diamonds over 300 carats, the company said, including a 472-carat and a 327-carat diamond in April 2018.

The 1,109-carat “Lesedi La Rona,” which Lucara recovered in November 2015 was bought by British diamond dealer Graff Diamonds for $53-M in September 2017.

Forbes reported late last year that Graff had created 67 finished gems from the stone.

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