RAPAPORT... Lucara Diamond Corporation conducted a tender of 14 single lots consisting of 1,028 carats of rough diamonds from the Karowe mine, with sales totaling $22.9 million, or $20,280 per carat.
The highest-value diamond was a 256.60-carat stone that sold for $4.4 million, followed by a 137.90-carat diamond that sold for $4.28 million. An additional seven diamonds sold for more than $1 million each. "This success truly demonstrates how robust the market continues to be for large, high quality diamonds,” said William Lamb, the president and CEO of the Lucara Diamond. “Globally, diamonds above 100 carats are exceedingly rare. Since March alone, Karowe has produced 16 diamonds greater than 100 carats each." The company recently recovered a 167-carat diamond and a 122-carat diamond and will sell both of these diamonds on tender in 2014. Lucara Diamond will hold one more regular tender during the fourth quarter.
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