Diamond

Lucara Diamond Corp. (TSX:LUC) announced the results of its second 2015 Exceptional Stone Tender. The stones sold at the tender were found at its Botswana-based Karowe mine.

Lucara Diamond Corp. (TSX:LUC) announced the results of its second 2015 Exceptional Stone Tender. The stones sold at the tender were found at its Botswana-based Karowe mine.
As quoted in the press release:

The exceptional stone tender included 13 single stones totalling 1,440 carats achieving revenues of US $29.7 million ($20,625 per carat).
Highlights:

  • 10 diamonds sold for more than $1.0 million each including 5 stones which sold for in excess of $2.0 million each.
  • Lot 801, the 336.3 carat Type IIa diamond sold for $8.18 million ($24,324/carat)
  • Lot 802, the 8.03 carat pink diamond sold for $911,911 ($113,563/carat)
  • Lot 803, the 83.5 carat Type IIa diamond sold for $4.13 million ($49,467/carat) and was the highest value per carat stone sold at the tende

William Lamb, president and CEO of Lucara, commented:

We are happy with the results of this sale with the final figures being in line with expectations. We have noticed that in the current market, buyers have become more conservative when considering pricing for the more complicated stones, which includes the 336 carat stone sold in the current tender.
The recovery of the 348 carat diamond from the high value south lobe is the largest stone recovered from the Karowe mine to date. We are very pleased with the current operation of the newly installed XRT equipment and the continued recovery of our exceptional diamonds.

Click here to read the full Lucara Diamond Corp. (TSX:LUC) press release.

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