Big! Two More Big Type IIa Diamonds Found! Gem Recovers a 126.21 carater. And Lucara Recovers a 1,094 carater!! This is Becoming a Regular Thing!
Press Releases –
Roskin Gem News Report –
Gem Diamonds recovered a 126.21 ct Type IIa colorless diamond at the Letšeng mine, in Lesotho, on September 6. This is the eleventh Type IIa diamond greater than 100 carats recovered at the mine this year. That’s right – ELEVEN Type IIa diamonds over 100 carats this year!
Gem owns 70% of the Letšeng mine, which is the highest dollar per carat kimberlite diamond mine in the world.
Just Two Weeks Ago!
Let’s not forget (oh how quickly we forget) that the Letšeng mine produced a 122 carater just two weeks ago!
And while we are at it, let’s look at the full list from this year…
11 September 2024 — Recovery of a 126.21 Carat Type IIa White Diamond
5 September 2024 — Recovery of a 122.20 Carat Type IIa White Diamond
28 August 2024 — Recovery of a 129.71 Carat Type IIa White Diamond
7 August 2024 — Recovery of a 145.55 Carat Type IIa White Diamond
2 July 2024 — Recovery of a 123.20ct Type IIa White Diamond
4 June 2024 — Recovery of a 172.06 Carat Type IIa White Diamond
29 May 2024 — Recovery of a 212.49 Carat Type IIa White Diamond
30 April 2024 — Recovery of a 118.74 Carat Type IIa White Diamond
22 April 2024 — Recovery of a High Quality 169.15 Carat Type IIa White Diamond
19 February 2024 — Recovery of a High Quality 113 Carat Type IIa White Diamond
11 January 2024 — Recovery of a High Quality 295 Carat Type IIa White Diamond
That said, and let’s be sure to say … that is VERY impressive, but Lucara just announced the recovery of another enormous diamond, an extraordinary 1,094 carater, from its 100% owned Karowe Mine in Botswana, and this time, it too is a Type IIa. According to Lucara, this remarkable 1,094 carat stone bears striking similarities to the 692 carat diamond announced in August of last year (2023), which was polished by HB Antwerp and yielded polished diamonds that sold for in excess of USD$13 million. Lucara has also announced that this newly recovered 1,094 carat stone will also be polished by HB Antwerp, as part of the ongoing partnership between the two companies. The fate of the the enormous 2,492 carater (NOT Type IIa) discovered last month has yet to be decided.
This 1,094 carat diamond is the sixth stone in excess of 1,000 carats recovered by Lucara from the Karowe Mine. Its exceptional size and quality underscore the unique characteristics of the Karowe, and reinforce the Company’s position as the leading producer of very large, high-quality diamonds.
Corporately Speaking
William Lamb, President and CEO of Lucara, commented on the significance of this latest recovery:
“The recovery of this exceptional 1,094 carat 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.”
The recovery of a second historic 1,000+ carat diamond this year aligns with Lucara’s underground expansion project, and looks to extend the life of the Karowe Mine beyond 2040.
Tap here to see Lucara’s full Press Release.
Tap here to read Gem Diamonds’ full press release.
