Lucara reports ongoing recovery of exceptional diamonds

204 Carat Diamond Sold October 21, 2014. Image: Lucara Diamond Corp.

AA – Lucara Diamond Corp. (“Lucara” or the “Company”) is pleased to report the recovery of a number of exceptional diamonds at its Karowe Mine in Botswana. The resource is continuing to deliver according to expectations with the recovery of a spectacular Type IIa, 336 carat diamond. In addition to this recovery, a further three exceptional diamonds were recovered over this past weekend, a 184 carat stone, a 94 carat and a 86 carat stone. A 12 carat pale pink diamond was also recovered, the color of which will be confirmed post cleaning.

Over the past three years, since the recovery of the first large diamond from the Karowe Diamond Mine in 2013, Lucara has recovered 216 diamonds that have sold for more than $250,000 each. Twelve of these diamonds sold for more than $5.0 million each.

The statistics of exceptional stones discovered at the Karowe Mine can be found on the Lucara website at A picture of the 336 carat diamond will be posted later in the week.

William Lamb, President and Chief Executive Officer, commented, “The ongoing recovery of large exceptional diamonds from the Karowe Mine continues to support the resource estimates. This resource has consistently produced significant value for the Company and its shareholders and the ongoing recovery of high value stones sets Lucara apart from most other diamond producers.”


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