Lucara Brings $38.7 Million from its Second Exceptional Stone Tender of 2016

Diamond Investing

Lucara Diamond (TSX:LUC) has announced results from its second Exceptional STone Tender of 2016, consisting of Karowe diamonds of 12 single stone lots. As quoted in the press release: All 12 diamonds, totaling 1,098 carats, were sold for gross revenues of US $38.70 million (US $35,230 per carat). Highlights: 5 diamonds sold for more than …

Lucara Diamond (TSX:LUC) has announced results from its second Exceptional STone Tender of 2016, consisting of Karowe diamonds of 12 single stone lots.
As quoted in the press release:

All 12 diamonds, totaling 1,098 carats, were sold for gross revenues of US $38.70 million (US $35,230 per carat).
Highlights:
5 diamonds sold for more than US $2.0 million each.
Lot 1001, the 224.5 carat Type IIa diamond sold for US $11.11 million (US $49,497/ct), which was also the highest value per carat diamond.
Lot 1004, the 162.3 carat diamond sold for US $4.88 million (US $30,117/ct)
Lot 1005, the 81.8 carat diamond sold for the second highest price per carat of US $46,138/ct.
William Lamb, President and CEO, commented, “It is fitting that this tender, the tenth Exceptional Stone Tender for the Company was concluded on the one year anniversary of the recovery of the historic 1,109 carat, Lesedi La Rona diamond.

Click here to read the full press release.

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