Lucara Diamond recovers 1,111-carat diamond

Lucara Diamond Corp. (TSX-LUC)(BOTSWANA-LUC)(NASDAQ OMX Stockholm-LUC) has recovered a 1,111-carat, gem-quality, Type IIa diamond from the south lobe of its 100%-owned Karowe Mine in Botswana, Africa. The spectacular stone is the world’s second-largest gem-quality diamond ever recovered and the largest ever to be recovered through a modern processing facility.

The stone was recovered by the newly installed large diamond recovery (LDR) XRT (X-ray transmission) machines. The stone measures 65 milimetres by 56 mm by 40 mm in size and is the largest ever to be recovered in Botswana. For more pictures of the diamond, go to the Lucara website.

William Lamb, President and CEO, commented, “This historic diamond recovery puts Lucara and the Karowe Mine amongst a select number of truly exceptional diamond producers. The significance of the recovery of a gem-quality stone larger than 1,000 carats, the largest for more than a century, and the continued recovery of high-quality stones from the south lobe cannot be overstated. Our focus on mining the south lobe, which is delivering value beyond expectation, has been perfectly timed with the commissioning of our recent plant modifications, enabling the recovery of these large, high-quality, exceptional diamonds.”

Lucara also reported that two more exceptional white stones have now been recovered through the XRT diamond recovery units. The two white diamonds, an 813-carat stone and a 374-carat stone, have today been added to the roster of incredible diamonds recovered from the prolific south lobe of Lucara’s Karowe Mine. The weights of the stones are subject to change as these stones have not yet been cleaned. Once cleaned, photos will be published on the Lucara website (www.lucaradiamond.com).

Lamb said, “I am truly at a loss for words. This has been an amazing week for Lucara with the recovery of the second largest and also the sixth largest gem-quality diamonds ever mined. We are truly blessed by this amazing asset.”