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RAPAPORT... Lucara Diamond Corporation held a special tender of Karowe diamonds on May 22, which consisted of 15 single lots of diamonds. All 15 stones were sold for $24.85 million or $30,468 per carat. The highest value stone was a 239-carat diamond that sold for $5.75 million, with an additional four diamonds selling for more than $2.5 million each. William Lamb, the president of Lucara Diamond, said, "We are ecstatic with the results of this special tender and it confirms the quality of diamonds currently being produced from Karowe. The recovery of large and exceptional diamonds cannot accurately be predicted but the recovery of blue diamonds and now a population of large diamonds are making Karowe a remarkable deposit. To be in a position to hold a large stone tender within the first year of production is exceptional, especially when considering that all the diamonds sold, were recovered from a regular production cycle. Over the past few weeks additional large diamonds have been recovered and management is currently considering options for holding an additional large stone tender later in the year."
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