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Lucara Sells $30M at Exceptional Stone Tender
Nov 15, 2015 10:14 AM
By Rapaport News
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RAPAPORT... Lucara Diamond Corp. reported sales of $29.7 million
from its recent exceptional stone tender, with 13 diamonds from its Karowe mine
in Botswana selling for an average of $20,625 per carat. The Canadian miner
sold 1,440 carats in total, it said in a statement.
Ten diamonds went for more than $1 million each,
including five for more than $2 million apiece in the sale held November 2-11.
Among the stones bought were a 336.3-carat type IIa diamond for $8.2 million,
or $24,324 per carat; an 83.5-carat type IIa diamond for $4.1 million, or
$49,467 per carat; and an 8.03-carat pink diamond for $911,911, or $113,563 per
carat.
Lucara
also recently recovered a 348-carat and a 255-carat diamond using XRT diamond
recovery machines at Karowe, it said. The company owns 100 percent of the mine.
President
and CEO William Lamb said: “In the current market, buyers have become more
conservative when considering pricing for the more complicated stones, which
includes the 336-carat stone sold in the current tender.
“The
recovery of the 348-carat diamond lobe is the largest stone recovered from the
Karowe mine to date. We are very pleased with the current operation of the
newly installed X-ray transmission (XRT) equipment and
the continued recovery of our exceptional diamonds,” Lamb said in the statement.
XRT is a diamond recovery technology that can remove large quantities of gangue
material, substantially increasing the run of mine ore grade before any
conventional processing takes place, according to the company.
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Tags:
Botswana, Exceptional Stones, Karowe, Lucara Diamond Corp., mining, Rapaport News, Tenders
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