April 25, 2019 / 5:18 PM / 6 months ago

BUZZ-Lucara Diamond rises on discovery of 1,758-carat diamond

** Shares of the Canadian diamond exploration and mining company rises 6.3% to C$1.68

** Co says it has found a 1,758 carat diamond from its Karowe Diamond Mine located in Botswana

** Lucara says the diamond weighs close to 352 grams and has been characterized as near gem of variable quality

** “Karowe has now produced two diamonds greater than 1,000 carats in just four years, affirming the coarse nature of the resource and the likelihood of recovering additional, large, high quality diamonds in the future...,” Eira Thomas, Lucara’s CEO said

** The precious stone was recovered through Lucara’s XRT circuit, commissioned in April 2015 - company statement

** Stock up 6.76% YTD (Reporting By Arundhati Sarkar in Bengaluru)

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