Lucara's Exceptional Stone Tender Yields US$51.3 Million

Lucara Diamond Corp. (TSX:LUC) announced the results of its first Exceptional Stone Tender of 2016. The tender consisted of 10 single-stone lots and brought in gross revenues of US$51.3 million.
Highlights are as follows:

• 7 diamonds sold for more than US $2.0 million each, including 4 stones which sold for in excess of US $5.0 million each
• Lot 901, the 296.7 carat Type IIa diamond sold for US $12.19 million (US $41,088/ct)
• Lot 904, the 245.4 carat diamond sold for US $10.49 million (US $42,738/ct)
• Lot 903, the 119.0 carat diamond sold for the highest price per carat of US $58,931/ct.

William Lamb, president and CEO of Lucara, commented:

The results from this tender continue to demonstrate the strength of the exceptional stone market. We are very pleased with the quality of the diamonds being recovered which is evident in the consistent average value per carat achieved.

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