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Lucara unveils names of two largest diamonds

Canada’s Lucara Diamond Corp. (TSX: LUC) has revealed the names of the two largest diamonds recovered this year from its Karowe mine in Botswana, a site renowned for producing some of the world’s most exceptional gems.

The 2,488 carat diamond found in August has been named Motswedi, meaning “water spring” or “the flow of underground water that surfaces to bring life and vitality” in the local Setswana language. The 1,094 carat diamond recovered in September is now known as Seriti, which translates to “aura” or “presence” in Setswana. The name carries deep cultural significance, reflecting identity and legacy.

Karowe mine

Lucara highlighted that these diamonds are not only remarkable geological finds but also reflect the “incredible potential” of the Karowe mine and the company’s advanced recovery techniques. CEO William Lamb remarked, “Each stone tells a story millions of years in the making, and we are humbled to be the custodians of these remarkable gems as they prepare to enter the global market.”

The firm awarded winners of the naming competition $7,325 and $3,660 and also invited them to tour the Karowe mine. Karowe mine has consistently yielded diamonds of extraordinary size and quality. Notable finds include: The 1,758-carat Sewelô (2019), the 1,109-carat Lesedi La Rona (2015), the 813-carat Constellation (2015), and Botswana’s largest fancy pink diamond, the Boitumelo.

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The mine produces about 300,000 high-value carats annually, making it one of the highest-margin diamond mines globally. Lucara is currently exploring sale options for Motswedi and Seriti, underscoring the market’s anticipation for these gems. Karowe remains a pivotal contributor to Botswana’s diamond legacy, blending geological marvels with cultural heritage.

 

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