Lucara Diamond Raises US$68.71 Million in Exceptional Stone Tender

Lucara Diamond Corp. (TSX:LUC) announced the results of its first Exceptional Stone Tender of 2015, noting that it sold 14 diamonds for US$68.71 million. At 1,674 carats, that equates to $41,028 per carat.
Dundee Capital Markets had predicted that the company would bring in $50 million.
Other highlights include:

• 12 diamonds sold for more than US $1.0 million each including 5 stones which sold for in excess of US $4.0 million each.
• Lot 701, the 341.9 carat Type IIa diamond (discovery announced April 20, 2015), sold for US $20.55 million (US $60,114/ct).
• Lot 702, the 269.7 carat diamond, sold for US $16.54 million (US $61,304/ct).

William Lamb, president and CEO of Lucara, commented:

This is another amazing result, demonstrating not just the sustainable quality of the diamonds being produced but also the robustness of the exceptional stone market. The sales values achieved for the two large stones demonstrates the quality of diamonds which the south lobe is producing.
We will continue to work on optimizing our sales strategy to obtain the best value for these diamonds and for our shareholders.

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