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Lucara Diamond Corp. (TSX:LUC) completed its first large and exceptional diamond tender of Karowe diamonds on May 22, 2013. All 15 stones were sold for gross revenues of $24.85 million.
As quoted in the press release:
The special tender of Karowe diamonds was completed on May 22, 2013 and consisted of 15 single stone lots. All 15 stones were sold for gross revenues of $24.85 million ($30,468 per carat). The highest value stone was the 239 carat diamond which sold for $5.75 million with an additional 4 diamonds selling for more than $2.5 million each.
Lucara Diamond Corp. President and CEO, William Lamb, said:
We are ecstatic with the results of this special tender and it confirms the quality of diamonds currently being produced from Karowe. The recovery of large and exceptional diamonds cannot accurately be predicted but the recovery of blue diamonds and now a population of large diamonds are making Karowe a remarkable deposit. To be in a position to hold a large stone tender within the first year of production is exceptional, especially when considering that all the diamonds sold, were recovered from a regular production cycle. Over the past few weeks additional large diamonds have been recovered and management is currently considering options for holding an additional large stone tender later in the year.
Click here to read the Lucara Diamond Corp. (TSX:LUC) press release
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