Huge Diamond Recoveries Steal the Show Today

Mining and Exploration
19/02/2019 13:54

Exceptionally large diamond recoveries are, as a rule, an exception, but today we had two announcements of some very impressive stones: Lucara Diamond unveiled 223-carat stone from its Karowe mine in Botswana, while Lucapa Diamond Co. added a 128-carat find from its Lulo diamond field in Angola. 

Lucara's 223-carat, high white gem diamond will be shown alongside the 240 carat and 127 carat, top white gem diamonds reported earlier this year together with other exceptional single diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7, 2019. Eira Thomas CEO commented: "2019 is off to a great start, with several, high quality diamonds in excess of 100 carats having been recovered by mid February, a testament to the strong, stable operating environment that has prevailed at Karowe since late 2018."

Lucapa's recovery of a 128 carat diamond from the Lulo alluvial mine in Angola is the 12th +100 carat diamond recovered to date from Lulo, continuing to underline the large-stone nature of the prolific Lulo diamond field. It was among the Specials recovered recently from Mining Block 6, along with a 7.5 carat fancy purple pink gem. Testing on a Yehuda colorimeter has confirmed the 128 carat stone is a top-colour white Type IIa diamond. The recovery of the 128 carat diamond and 7.5 carat fancy purple pink follows the recent historic tender of seven large, top-quality Lulo diamonds achieving US$16.7 million (AU$22.9 million) at an exceptional average price of US$33,530 per carat in the first international sales event under Angola’s new diamond marketing regulations. The Lulo partners will likely include the 128 carat diamond and 7.5 carat fancy purple pink in the next international tender, along with the 75 carat Type IIa top-colour diamond recovered in Q4 2018 and other Specials recovered.