Lucara Diamond Results Of Mothae Diamond Sales

Lucara Diamond Corp. (TSX:LUC,BOTSWANA:LUC,NASDAQOMXFirstNorth:LUC) announced results of the Mothae diamond sale completed on September 14, 2012.

As quoted in the press release:

A total of 4,657 carats of diamonds were sold for gross proceeds of $1.51 million, yielding an average price per carat of $324. The diamond sale consisted of 32 sales parcels of which 26 were sold on a sealed tender at the offices of Bonas-Couzyn in Antwerp. The highest value stone sold was a 9.74 carat Type IIA diamond which achieved a price of $272,720 or $28,000 per carat. Notwithstanding the high quality Type IIA diamond recovered, the diamonds sold today were mined from a higher grade area of the kimberlite which is generally known to producer lower quality, smaller diamonds.

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