Lucara’s Diamond Sales Total $54 Million in 2012

(IDEX Online News) – Lucara Diamond Corp. sold more than $54 million worth of diamonds from the Karowe mine in 2012. The mine has also exceeded its mid-year forecast of 230,000 carats.

In its final diamond auction of the year, 62 lots containing 62,238 carats of diamonds were offered for sale. Fifty-six lots were sold for an average price of $273 per carat, yielding gross proceeds of $12.03 million.

Six parcels containing 18,233 carats were withheld due to low levels of competitive bidding. These lots contained diamonds in the finer size fractions.

“We are looking forward to a solid 2013 with consistent production and the achievement of our 2013 sales guidance of 400,000 carats,” said Lucara CEO William Lamb.