Lucara Sells 9.46 Carat Blue Diamond for $4.5 Million

(IDEX Online News) – Lucara Diamond Corp. sold a 9.46 carat blue diamond for $4.5 million or $477,272 per carat (p/c) at its latest sale of goods from the Karowe diamond mine.

The tender, which consisted of 52 lots totaling 56,982 carats, generated an average of $300 p/c for a total sale's result of $17.14 million.

Also included in the sale was a second small blue diamond weighing 0.64 carats, which sold for $24,500 or $38,282 p/c.

The diamonds were sold on tender with pre-sale viewings in Gaborone and Antwerp. Viewings in Antwerp were held at the offices of Bonas-Couzyn.

“The sales numbers for our fourth sale of Karowe diamonds are a fantastic result for Lucara,” said Lucara President and CEO William Lamb.

“The value received for the exceptionally rare blue diamond has added significantly to the sale. The occurrence of the two blue diamonds sold confirm the excellent quality of the resource at Karowe.”

The final sale of Karowe diamonds in 2012 will take place in December, with an expected sales volume of approximately 57,000 carats.