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Lucara Diamond recovers 'one of the largest rough diamonds ever unearthed', stock jumps

Kitco Media
By Michael McCrae
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Lucara Diamond recovers 'one of the largest rough diamonds ever unearthed', stock jumps teaser image

(Kitco News) - Lucara Diamond (TSX: LUC) announced today it recovered a 2,492 carat diamond from its Karowe Diamond Mine in Botswana.

The Botswana miner said that the diamond could be one of the "largest rough diamonds ever unearthed."

Lucara traded up 40% to 46 cents a share.

William Lamb, President and CEO of Lucara, was excited about the find.

"We are ecstatic about the recovery of this extraordinary 2,492 carat diamond. This find not only showcases the remarkable potential of our Karowe Mine, but also upholds our strategic investment in cutting-edge XRT technology. The ability to recover such a massive, high-quality stone intact demonstrates the effectiveness of our approach to diamond recovery and our commitment to maximizing value for our shareholders and stakeholders."

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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