Lucara Diamond Reports $136 Million from Exceptional Stone Tenders

Lucara Diamond Corp. (TSX:LUC) reported that in its third exceptional stone tender of 2014, it sold 14 diamonds for gross revenues of $46.4 million. The tender concludes Lucara’s exceptional stone tenders for the year.

As quoted in the press release:

A total of 12 of the 14 stones sold for greater than $1.0 million, including 6 stones which sold for greater than $4.0 million each. The highest value stones sold during the tender included the 203 carats, the 239 carats and the 141 carats diamonds which sold for $8.2 million, $7.2 million and $6.1 million respectively.

Lucara’s president and CEO, William Lamb, said:

The results of this Exceptional Stone Tender reaffirms the demand for these remarkable diamonds that continue to be recovered at Karowe. Our sales results reflect the continued robustness of the diamond sector and the continued strong demand for our exceptional diamonds.

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