06:30 AM EDT, 09/16/2024 (MT Newswires) -- Lucara Diamond ( LUCRF ) overnight Sunday said it recovered an "extraordinary" 1,094 carat rough diamond from its Karowe Mine in Botswana. This stone bears strong similarities to the 692 carat diamond found in August 2023, which yielded polished diamonds that sold for more than US$13 million.

The 1,094 carat diamond is the sixth stone in excess of 1,000 carats recovered by Lucara.

"The recovery of this exceptional 1,094 carat diamond is a testament to Karowe's remarkable potential and further validates our investment in the underground expansion project," said Chief Executive William Lamb. "As we progress with our underground development, we're increasingly confident in Karowe's capacity to produce these legendary diamonds well into the future, cementing our position in the high-end diamond market."