Lucara’s First 2016 Exceptional Stone Tender Revenues Exceed $51 Million

(IDEX Online News) – Lucara Diamond Corp. has announced that its first exceptional stone tender of Karowe diamonds in 2016 has achieved gross revenues of $51.3 million ($33,632 per carat).

The sale consisted of 10 single stone lots totaling 1,525 carats, all of which were sold. Seven diamonds sold for more than $2 million each, including five stones that sold for in excess of $5 million each. Lot 901, the 296.7-carat Type II-a diamond sold for $12.19 million ($41,088/ct). Lot 904, the 245.4-carat diamond sold for $10.49 million ($42,738/ct). Lot 903, the 119-carat diamond sold for the highest price per carat of $58,931/ct.

"The results from this tender continue to demonstrate the strength of the exceptional stone market,” said Lucara president and CEO William Lamb. “We are very pleased with the quality of the diamonds being recovered which is evident in the consistent average value per carat achieved."