Lucara Diamond Corp. (TSX:LUC,BSE:LUC) announced the results for its final Karowe diamond sale in 2012. The Company reported total sales of $54 million over the course of the year.
As quoted in the press release:
A total of 62 lots were put up for sale containing 62,238 carats of diamonds of which 56 lots were sold achieving an average price of $273 per carat and yielding gross proceeds of $12.03 million.
Lucara Diamond Corp. CEO, William Lamb said:
This final sale of 2012 has Lucara ending the year on a solid note with total diamond revenues from Karowe totalling more than $54 million dollars and the mine exceeding the mid-year forecast of 230,000 carats available for sale. We are looking forward to a solid 2013 with consistent production and the achievement of our 2013 sales guidance of 400,000 carats.
Get Our Expert Guide to Diamond Investing FREE!Download this FREE Special Report, Investing in Stornoway Diamonds or Other Canadian Diamond Mines – Beyond the Diamond Price Calculator.