Mothae Diamonds Sell for $893 P/C

(IDEX Online News) – Perhaps signaling a turn for the better in demand for rough diamonds, Lucara Diamond Corp. second tender averaged $893 per carat. The tender offered 7,190 carats of goods from the Mothae mine.

All 28 lots received multiple bids, the company reported. Total gross proceeds are $6.4 million, an increase from Lucara’s first tender earlier in the year.

The three stones with the highest per carat value were a 28.89 carat diamond that sold for $1.6 million or $57,113 p/c, a record for Mothae, a 56.51 carat diamond that sold for $2.1 million ($37,019 p/c), and a 19.20 carat diamond which sold for $490,000 ($25,520 p/c). All three are Type IIa diamonds.

“The results of this sale re-confirm the presence of a population of large, top quality diamonds within the Mothae kimberlite and demonstrate that these stones can be recovered with a regularity which greatly enhances the economic potential of the project," said President and CEO William Lamb.