1,111 Carat Diamond Unearthed in Botswana by Lucara Diamond Corp

Lucara Diamond Corp. (TSX:LUCa Canada based diamond producer, found a 1,111 gem-quality diamond in south lobe of Lucara’s Karowe Mine in Botswana.

According to the company, the diamond measures 65mm x 56mm x 40mm and it’s is the  world’s second largest gem quality diamond ever recovered. (The 3,106 carats Cullinan Diamond is the largest diamond ever found and it was discovered in January, 1905 at the Premier Mine in South Africa. More details here)

It was also a good day for the company’s financials. The company’s stock went up with more than 30% or $0,49, hitting $ 2,10 per share (More about the financials at Barchart.com or at the company’s stock information website.

In a press release, the company’s  President and CEO, William Lamb, comments are quoted as follows:

“…This historic diamond recovery puts Lucara and the Karowe mine amongst a select number of truly exceptional diamond producers. The significance of the recovery of a gem quality stone larger than 1,000 carats, the largest for more than a century and the continued recovery of high quality stones from the south lobe, cannot be overstated. Our focus on mining the south lobe, which is delivering value beyond expectation, has been perfectly timed with the commissioning of our recent plant modifications, enabling the recovery of these large, high quality exceptional diamonds…”  – Company’s news release

What’s the value of the stone? According to an article by Bloomberg, Edward Sterck, a London-based analyst at BMO Capital Markets, stated in a report that estimating the value such an extra ordinary gem depends various characteristics such as colour, clarity, cutting and polishing. More details about the stone’s value can be found here. (source Bloomberg)

In other news, Lucara announced that it has recovered  two  more exceptional white diamonds-an 813 carat stone and a 374 carat stone  from the Karowe Mine in Botswana.(More details on Barchart.com)- It’s indeed a great week is in Botswana, but according to the Guardian, the company will not be putting the three stones in the market immediately.

Lucara Diamond Corp’s two key assets are the Karowe mine in Botswana and the Mothae project in Lesotho. The Karowe Mine is located in north-central Botswana and The Mothae Diamond Project is situated in the Maluti Mountains of Lesotho ( More details about the assets ownership and area coverage here: Source Dakota Financial News)

Like What You See? -Woolworths Faced Criticism For Draping Ropes Over Black Mannequins.

Last week i posted about how H&M in South Africa landed in hot soup over diversity tweets. The focus on that post, was about how communication in a foreign country can be problematic and if not dealt with immediately, it can  be costly!

Still on that issue of foreign cultures and communications, this week since Monday Nov/ 16/2015, Woolworths, South Africa has been facing  criticism because of their (bad) product image display in one of their stores, which has left a lot of customers quite irritated. It all started when a facebook user Mvusiwekhaya Sicwetsha, expressed his views and concerns on Woolworths’ Facebook page about  black mannequins which were tied together with rope. Many customers accused Woolworths of mimicking Slavery. Here is how the conversation started:


Photo Credit: Facebook

The discussion didn’t end there. It went further on  and from the responses, it shows that those images really sparked anger among many customers. It’s no doubt that a product image is powerful! And a good product image and can take your business to another level. Whether it’s a photo, a video, live model or just a mannequin, people are very keen on details when it comes to a product they’re interested in. So images are a huge deal when it comes to business.

Well, Woolworths South Africa apologised on their Facebook wall as well and said it was not intentional-


Credit: Facebook

You can read all about the responses and the mixed reactions here:

Hi everyoneWe apologise for the distress caused by an incorrectly assembled RE: in-store installation. At the start…

Posted by WOOLWORTHS SA on Tuesday, November 17, 2015