Canadian Mining Company Lucara Diamonds has announced the discovery of an “exceptional” 2,492-carat diamond at its Karowe mine. BotswanaThis makes the stone the largest to be recovered since the 3,106-carat Cullinan diamond found in South Africa in 1905 and cut into individual pieces, several of which are part of the British Crown Jewels.
The recovery of the stone, “one of the largest rough diamonds ever discovered”, was made possible thanks to the Canadian company’s use of X-ray transmission technology, which has been used by Lucara since 2017 to identify and preserve large and high-value diamonds.
In this sense, Lucara Diamonds highlights that it underlines the prestige of the discovery Karoway As a world-class asset, remembering that this latest recovery adds to others including diamonds at the Botswana mine Sevelo of 1,758 carats and Lesedi La Rona 1,109 carats, report Europa Press,
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“The ability to recover such a large, high-quality stone intact demonstrates the effectiveness of our diamond recovery approach and our commitment to maximizing value for our shareholders and stakeholders,” said William Lamb, Lucara’s president and CEO.
Although the Canadian mining company has refrained from estimating the stone’s value, sources close to Lucara have indicated to the ‘Financial Times’ that the diamond is worth about $100 million. It could be worth over $40 million (36 million euros).
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Shares of Lucara Diamonds, which surged more than 90% at the opening of the Toronto Stock Exchange, however pared the gain to about 40% as the session progressed.