Tag: DMCC

Karowe Does It Again: Huge 1,174-Carat Diamond Unearthed

Mere days after announcing a huge 1,098-carat stone find at their Karowe mine in Botswana, Lucara has another reason to rejoice: The miner just unearthed an even bigger diamond weighing 1,174 carats from the same mine, IDEX Online reports.    Credit: Debswana   In a statement, the company explained: “On
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Third Sodiam diamond auction nets nearly $57m in sales

Angolan State diamond marketing company Sodiam held its third rough diamond auction on June 24, selling $56.64-million worth of diamonds recovered at the Uari, Lulo, Catoca and Luele mines. Aside from a diversified pack of special diamonds, a batch of run-of­mine diamonds from Luele in the Luaxe region, were also
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Lucara announces C$38m financing

Botswana-focused Lucara Diamond Corp on Thursday announced C$38-million in financing to support the development and ongoing operation of its Karowe mine. The Vancouver-headquartered company will raise C$22-million on a bought-deal basis at C$0.75 a share and C$16-million in a concurrent private placement to Nemesia and other investors.
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