Lucara: $54.8M, $31,010 P/C At First Exceptional Stone Tender of 2017

(IDEX Online) – Lucara Diamond Corp. said its first Exceptional Stone Tender of Karowe diamonds in 2017, and its eleventh since mining began in 2012, totaling 1,765.72 carats raised $54.8 Million ($31,010 per carat). 

The tender consisted of 15 single stone lots, ranging from 373.72 carats to 29.90 carats in size.

Highlights of the sale included:

• Seven diamonds sold for more than $2.0 million each
• Lot 1001, a 373.72-carat Type IIa diamond sold for $17.54 million ($46,935/ct)
• An additional three diamonds sold for more than $4.0 million including the 182.47 carat stone which sold for $6.3 million
• Average value of diamonds sold YTD exceed $1221 per carat

William Lamb, President and CEO, commented, "Now in its fifth year of production, Karowe continues to deliver strong, consistent, results from its regular and exceptional tenders, demonstrating the robust nature of the orebody and the predictable contribution from large, high value diamonds (+10.8 carat specials).

“This tender achieved a price in excess of $31,000 per carat, further evidencing the continued, strong demand for our diamonds in the marketplace. To date, the company has sold 145 diamonds for more than $1 million each, bringing in revenues of greater than $528 million."