Lucara Unearths 127ct. Rough Diamond

RAPAPORT... Lucara Diamond Corp. has recovered a 127-carat rough diamondfrom its Karowe mine in Botswana. The company found the "high-quality" white stone in the deposit'ssouth lobe, the same area where it unearthed the 1,109-carat Lesedi La Rona andthe 813-carat Constellation. "The recovery of this latest, high-value, top-white, 127-caratdiamond attests to the remarkable nature of the Karowe orebody, which hasconsistently delivered large, high-value diamonds throughout its history,"Lucara CEO Eira Thomas said Thursday. Lucara has found 129 diamonds weighing more than 100 caratssince it started mining at Karowe in 2012. The company intends to focus onextracting stones from the south lobe this year, as it aims to continue its big-stone recoveries. Karowe is currently expected to produce rough through 2026.However, Lucara is conducting a feasibility study that could expand undergroundmining until at least 2036. Image: The 127-carat rough diamond. (Lucara Diamond Corp.)