TORONTO (Reuters) – Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive.
FILE PHOTO: A 1,758 carat diamond recovered from from Lucara Diamond Corp.’s Karowe Diamond Mine in Botswana is pictured in this undated handout photo obtained by Reuters April 25, 2019. Eduardo Hernandez M./Lucara Diamond/Handout via REUTERS
For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic density to boost value from its Karowe mine in Botswana, and also diversifying away from mining into an online diamond sales platform.
“Diamond mines are extremely rare… we haven’t been able find the perfect asset, but we continue to look,” Lucara Chief