Another high value gem unearthed at Karowe

In addition to recovering 184 carat, 94 carat and 86 carat diamonds over the past weekend, the Orapa-based mine produced a 12 carat pale pink diamond, the colour of which would be confirmed after it has been cleaned.

The positive news shored-up investor demand for the company’s Toronto Stock Exchange-listed shares, lifting the stock on Tuesday morning by almost 8% to C$1.78 apiece. “The ongoing recovery of large exceptional diamonds from the Karowe mine continues to support resource estimates,” president and CEO William Lamb stated on Monday.