Lucara Diamond Corp. finds Type II 9.46-carat blue diamond at Karowe operation

Lucara Diamond Corp. says it has recovered a 9.46-carat rare Type II blue diamond at its wholly owned Karowe mine in Botswana.

The diamond, the first of its kind to be identified at Karowe, will be sold at tender at the upcoming sale of Karowe diamonds to take place on November 26.

The tender, the fourth sale of Karowe diamonds this year, will feature more than 57,000 carats of diamonds.

Lucara's President and Chief Executive Officer William Lamb says: "The recovery of such a rare stone is of great importance to the Karowe asset. We had previously identified a population of Type II diamonds at Karowe and the recovery of this rare blue diamond confirms the quality distribution of the diamonds being mined at Karowe."

In addition to the Karowe mine in Botswana, Lucara holds 75 percent of the Mothae project in Lesotho which is currently in the trial mining stage.