Lucara’s finds +1,000 carat white diamond
Monday, August 14, 2023 | 430 Views |
Yet another one: Karowe Mine has dug up a new huge diamond PIC: LUCARA DIAMONDS
Type IIa diamonds are quite rare making up one to two percent of all natural diamonds and sourced from extreme depths of the earth’s mantle. The diamonds are almost or entirely devoid of impurities, making them of high value in the market.
In a statement announcing the discovery last Tuesday, Lucara Diamond officials said the 1,080 carat diamond represents the fourth +1,000 carat diamond recovered from the South Lobe of the AK6 kimberlite since 2015. Other notable recoveries include the 1,758 carat Sewelô in 2019, a 1,174 carat diamond in 2021, and the famous 1,109 carat Lesedi La Rona from 2015.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...