Lucara Completes Karowe Diamond Sale for Gross Proceeds of $17.14 Million

 Lucara Diamond Corp. (TSX:LUC) announced the sale of its recently discovered blue diamond for $4.5 million. The Company reported on the sale of 52 lots at its Karowe diamond sale. The final sale of Karowe diamonds will take place in December 2012.

As quoted in the press release:

A total of 52 lots were put up for sale containing 56,982 carats of diamonds. All lots were sold, for an average price of $300 per carat yielding gross proceeds of $17.14 million. The jewel of the sale was the 9.46 carat blue diamond which sold for $4,515,000 or $477,272/ct.

Lucara, President and CEO, William Lamb, commented:

The sales numbers for our fourth sale of Karowe diamonds are a fantastic result for Lucara. The value received for the exceptionally rare blue diamond has added significantly to the sale. The occurrence of the two blue diamonds sold confirm the excellent quality of the resource at Karowe.

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