Lucara Raises $22.9 Million at Third Exceptional Stone Tender

Lucara Diamond Corp. (TSX:LUC) announced the results from its third Exceptional Stone Tender, commenting that it sold 14 stones totaling 1,028 carats for gross revenues of $22.9 million, or $20,280 per carat.

As quoted in the press release:

The highest value stones sold were a 256.6 carat and a 137.9 carat diamond which sold for $4.40 million and $4.28 million respectively. An additional 7 diamonds sold for more than $1.0 million each.

The Company will hold one more regular tender during the fourth quarter, bringing the total volume of diamonds sold in 2013 to over 420,000 carats as forecast.

The Company also announces the continued recovery of beautiful, exceptionally large stones from the Karowe Mine, including a 167 carat diamond and a 122 carat diamond. These rare stones will be sold on tender in 2014.

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