Sewelo diamond was recovered at Karowe mine in
According to a news release from
Sewelo which means 'rare find' in Setswana is the second, +1000 carat diamond recovered from Karowe in four years and the largest ever recovered in
The diamond has been characterised as near gem of variable quality, with recent analysis confirming that it includes domains of higher quality white gem.
The release further states that Lucara believes that the full potential of the special stone will only be revealed once polished. It says the purpose of the unprecedented collaboration between a miner, a cutting edge manufacturer and a large luxury brand includes planning, cutting and polishing of a collection of diamonds from Sewelo.
It states that Lucara will receive an upfront non-material payment for Sewelo and retain 50 per cent interest in the individual polished diamonds that would result.
It further states that five per cent of retail sales proceeds generated from the historic collection will be invested directly back into
Sewelo diamond was named in
He commended Lucara for their achievements in their seven years' operation in
Government, he said, wished to see
Source : BOPA
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