Lucara’s Exceptional Stone Tender Earns $30 Mln

Gaborone: Lucara Diamonds’ second Exceptional Stone Tender of 2015 achieved revenues of US $29.7 million ($20,625 per carat). The tender included 13 single stones totalling 1,440 carats. The very large, high quality exceptional stones were extracted from its 100% owned Karowe Mine in Botswana. The announcement points out the following highlights: 10 diamonds sold for more than $1.0 million each including 5 stones which sold for in excess of $2.0 million each. A 336.3 carat Type IIa diamond sold for $8.18 million ($24,324/carat), a 8.03 carat pink diamond sold for $911,911 ($113,563/carat) and an 83.5 carat Type IIa diamond sold for $4.13 million ($49,467/carat), the highest value per carat stone sold at the tender. They also announced the recent recovery of a 348 carat and a 255 carat stone.

William Lamb, President and CEO, commented, ”The recovery of the 348 carat diamond from the high value south lobe is the largest stone recovered from the Karowe mine to date. We are very pleased with the current operation of the newly installed XRT equipment and the continued recovery of our exceptional diamonds.”