Vancouver-based Lucara Diamond Corp. (TSX:LUC) this morning announced that the company has recovered a 9.46-carat rare type II blue diamond from its Karowe mine in Botswana.
According to the company, the diamond is the first of its kind to be identified at Karowe and will be sold at an upcoming sale.
William Lamb, Lucara president and CEO, said the recovery of the stone is a key gain for the company.
"The recovery of such a rare stone is of great importance to the Karowe asset," he said.
"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."
As of press deadline, the company's stock was up 3% to $0.630.
The company did not respond to an interview request by press deadline.
