Lucara Diamond is One for the Ages

You knew we weren’t going to let this story come and go without weighing in on the conversation!

1,111 Discovered in Botswana
1,111 carat diamond discovered in Botswana

On Monday morning at 1:28 am, President and CEO of Lucara Diamond, William Lamb, received the phone call that would forever change the trajectory of his company. To say that he was surprised by what he heard next would be an understatement. 

 “A thousand carats … I think it would be a surprise for anybody,” he said.

That’s right. The 1,111 carat diamond was unearthed in Lucara’s Karowe Diamond Mine in Botswana. The diamond is roughly the size of a tennis ball and his believed by experts to be the 2nd largest gem-quality diamond to ever be discovered.

Lucara says two other “exceptional” white diamonds – an 813-carat stone and a 374-carat stone – were also found at the Karowe mine. Needless to say, it has been a very good month for Lucara, a company that has seen its stock rise over 30 percent since the announcement of the diamonds.

The largest of the diamonds, according to National Jeweler, measures 65 mm x 56 mm x 40 mm,  and is too large to fit in any of the rough evaluation machines Lucara has on-site in Botswana and likely will be sent to Antwerp for further evaluation.

Lamb, who has not yet seen the stone in person, said what he knows from his employees on the ground in Botswana is that the diamond is a Type IIa and likely is “top color,” meaning D, E or F, and high clarity as well.

So to put this discovery into BC Clark terms, imagine finding a gem with the quality and clarity of a Forevermark Diamond, but it was the size of your fist!

And while this beautiful diamond will most likely never grace an engagement ring, we do have some beautiful diamonds that we would love to show you, right here in OKC. We’ll save you the trip to Botswana, and you can just come see us at one of our three Oklahoma City locations!

Downtown  |  Penn Square  |  Northpark
405.232.8806      405.840.1411      405.755.4040

 

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