Lucara Diamond Corp. (“Lucara” or the “Company”) is delighted to announce
the successful sale of two extraordinary diamonds from its world-class Karowe Mine in Botswana.
According to the press release from Lucara, “the final payment for and delivery of the legendary 549-carat Sethunya diamond and the magnificent 1,080-carat Eva Star diamond has been completed, marking one of the most significant diamond sales in recent history.”
BIG Diamonds
Using the TOMRA XRT, the Karowe Mine has been producing stunningly large diamonds for the past several years. (You can follow our reports in the Roskin Report here, and here.)
“The Sethunya, recovered in 2021, and the Eva Star, discovered in 2023, showcase the remarkable quality and size of diamonds consistently produced from the South Lobe of the Karowe kimberlite. These exceptional stones underscore Karowe’s position as one of the world’s most prolific sources of large, high-value diamonds.”
“The sale of these two extraordinary diamonds further validates our investment in the Karowe underground project,” said William Lamb, President and CEO of Lucara. “The unique characteristics of Karowe’s kimberlite, particularly in the South Lobe, continue to amaze us with its ability to produce diamonds of exceptional size and quality. The mineralogy we’re seeing is truly unprecedented in the industry, consistently delivering Type IIa diamonds of remarkable clarity and size.”
None of this would have been possible without the latest in TOMRA’s XRT detection.
Lucara had sold the diamonds over time with several payments as described by the press release: “The Company sold the stones for a combined sum of $54.0 million and recognized $44.0 million in revenue net of fees, excluding royalties. The Company received $20.0 million in previous years and following this sale, a further $24.0 million was due, of which $16.0 million and $8.0 million were received in Q4 2024 and Q1 2025 respectively.”
Creamer Media’s Mining Weekly points out that the Karowe mine has yielded some of the world’s largest diamonds, including the 1,758-carat Sewelô, recovered in 2019; a 1,174-carater recovered in 2021; and the 1,109-carat Lesedi La Rona, recovered in 2015.
The 1,080-carat Eva Star (above) was the fourth diamond weighing more than 1,000 carats to be recovered at the mine.
This was followed by the recovery of the massive 2,492-carat Motswedi diamond in August last year and the 1,094-carat Seriti diamond in September last year.
The 2,492-carat Motswedi is the second-largest gem quality diamond ever to be recovered, with the largest being the historic 3,106-carat Cullinan diamond recovered in South Africa in 1905.
Noting that Lucara is doing well by using the new XRT process to recover larger diamonds, the press release goes on to state that “The Company remains committed to its innovative approach to diamond recovery and ensuring maximum value realization for these unique assets.”
In other words, it pays to be careful!
Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine in Botswana. Its 100% owned Karowe mine is one of the world’s foremost producers of large, high quality, Type IIA diamonds in excess of 10.8 carats, including the historic 1,758 carat Sewelô, the 1,109 carat Lesedi La Rona and the 813 carat Constellation which sold for a record US$63.1 million. Most recently, Lucara recovered the epic 2,488 carat Motswedi, one of the largest rough diamonds ever unearthed.
