DiamondBuzz
Lucara nets $54m from two stones from Karowe mine
The luxury brand’s new boutique at the Taj Krishna in Banjara Hills highlights its celebrated fine jewellery and global couture collections.
Lucara raised $54m from the sale of two exceptional stones – weighing 1,080 carats and 549 carats – both recovered at its Karowe mine, in Botswana, it said this week. The 549 carat Type IIa Sethunya diamond was recovered in February 2020 and was sold to the French luxury maison Louis Vuitton.The 1,080 carat Eva Star, recovered in August 2023, was acquired by an unnamed buyer.
Canadian miner Lucara, 100 per cent owner of the mine, said it was “delighted” to announce details of the sales, now that final payments had been received and the goods had been delivered. It did not specify the price achieved by the diamonds individually, but said they’d sold for a combined sum of $54m and had recognized $44m in revenue net of fees, excluding royalties.
“The company received $20m in previous years and following this sale, a further $24m was due, of which $16m and $8m were received in Q4 2024 and Q1 2025 respectively,” Lucara said in a statement. “The sale of these two extraordinary diamonds further validates our investment in the Karowe underground project,” said William Lamb, president and CEO of Lucara. “The unique characteristics of Karowe’s kimberlite, particularly in the South Lobe, continue to amaze us with its ability to produce diamonds of exceptional size and quality.”
DiamondBuzz
Earth’s Billion-Year Secret Unearthed: 42-Carat Diamond Discovery Shocks Experts
A historic natural blue diamond from South Africa’s iconic Cullinan Mine captures global scientific and luxury attention
A rare and fascinating discovery has caught the attention of the world. A natural blue diamond weighing 41.82 carats has been found at the Cullinan Mine in South Africa, one of the most famous diamond mines in history. The diamond was discovered by Petra Diamonds, a South African mining company known for uncovering some of the world’s most exceptional stones.
For readers unfamiliar with the mine, the Cullinan Mine has a legendary reputation. It is the same mine that produced the original Cullinan Diamond, the largest rough diamond ever found, parts of which are now set in the British Crown Jewels. Discoveries from this mine have shaped global diamond history for more than a century.

This newly found blue diamond stands out not just because of its size, but because of its deep natural colour and clarity. Blue diamonds are among the rarest diamonds on earth. Even more unusual is finding a stone where size, colour and clarity come together so perfectly. Experts believe diamonds like this often go on to become historic jewels or prized museum pieces.
A Jewellery expert and author said, “The discovery of a 41.82-carat natural blue diamond at the Cullinan Mine is a rare and globally significant event. Combining exceptional size, vivid blue colour, and high clarity—an exceedingly uncommon alignment—this Type IIb diamond stands out as both a historic gemstone and a scientific marvel. Such discoveries reinforce South Africa’s legacy of extraordinary diamond finds and capture the imagination of collectors, museums, and the global luxury world.”
What makes blue diamonds especially fascinating is how they are formed. Their colour comes from tiny traces of boron that enter the crystal structure deep inside the earth. These diamonds are created billions of years below the surface under intense pressure and heat, making each stone a natural wonder shaped long before human civilisation began.
For Indian audiences, this discovery holds special meaning. India has a deep historical connection with diamonds, from the legendary Golconda mines to its position today as one of the world’s largest jewellery markets. Rare natural diamonds continue to hold emotional and cultural value for Indian consumers who see them as symbols of legacy, permanence, and artisanship.
As this 42-carat blue diamond begins its journey from the mine to a possible polished masterpiece, it has already secured its place as one of the most talked about diamond discoveries in recent times. It serves as a reminder that some of the world’s greatest treasures are still hidden beneath the earth, waiting to be found.
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