Lucara bets on diamond market recovery, plans mine expansion
The company has earmarked $53 million for early work on a planned underground mine at Karowe. A final investment decision will be made in the second half of 2020.
The 35.26 carat brown diamond was among a number of rough gems found at Merlin mine, including a 14.6 carat brown rock as well as a number of smaller white diamonds.
Last year was an eventful one for the diamond industry: From the largest producers coordinating supply cuts and the manufactures to returning to profitability, to the second-largest gem-diamond ever recovered going to auction and more. Here's a quiz to test your knowledge.