Lucara Finds 13 Diamonds Larger Than 100 Carats

Since the start of the second quarter, Karowe has produced 239 diamonds larger than 10.8 carats, including 27 diamonds with weights between 50 and 100 carats.

Lucara Diamond Corp. reports 13 diamonds larger than 100 carats have been recovered since the start of the second quarter, with two being larger than 200 carats.

The miner said eight of the 13 stones recovered are gem quality. The five largest gem quality stones weigh 259 carats, 239 carats, two stones weighing 153 carats each and a 133-carat stone.

Lucara also said that its second Exceptional Stone Tender will take place on July 18. Client viewings will take place in Antwerp and Gaborone. The company is currently selecting stones for the tender and will post information about it along with a brochure on its website.

William Lamb, President and CEO, said, "The ongoing recovery of these large and exceptional white diamonds continues to drive increased value for Lucara and its shareholders and has established the Karowe mine as a rare source of truly exceptional diamonds. The ongoing recovery of such stones is encouraging for a potential third exceptional stone tender during the fourth quarter of 2014."

Lucara has two main assets: the Karowe mine in Botswana and the Mothae project in Lesotho. The 100-percent owned Karowe mine is a newly constructed state-of-the-art mine which was fully commissioned in 2012.

At the 75-percent owned Mothae project, the company has completed the trial mining stage and is working towards completing a Preliminary Economic Assessment (PEA).