Lucara Unearthed the Largest Diamond in Recent History

Lucara Unearthed the Largest Diamond in Recent History

$LUCRF

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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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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