Lucara’s Second Exceptional Stone Tender Garners $24.7 Million

Lucara Diamond Corp. (TSX:LUC) announced that its second Exceptional Stone Tender of Karowe diamonds was completed yesterday, with 16 single-stone lots selling for gross revenues of $24.7 million.

As quoted in the press release:

The special tender of Karowe diamonds was completed on September 2, 2013 and consisted of 16 single stone lots. All 16 stones, totaling 1,028 carats were sold for gross revenues of $24.7 million ($24,026 per carat), an outstanding result. The highest value stone was a 135.4 carat diamond which sold for $6.37 million with an additional 3 diamonds selling for more than $2.5 million each.

The Company will hold one regular tender during the third quarter where 80,000 carats will be on sale, including more than 30 single stones larger than 10.8 carats.

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