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Lucara Prepares 16 Lots for Large Diamond Tender

Jun 26, 2014 2:50 AM   By Deena Taylor
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RAPAPORT... Lucara Diamond Corporation will offer 16 lots at its second exceptional stone tender that is planned for July 16.

The tender includes large diamonds that were recovered from the company's Karowe mine in Botswana this year. Of the lots on offer, the largest diamond is a 258.69-carat stone (lot 501), with the smallest lot weighing 34.88 carats (lot 516), according to the tender brochure. Additionally, five lots are larger than 109 carats.

Diamond viewing will take place in Antwerp from July 3 to 10 and in Gaborone from July 14 to 16.

The company expects to generate up to $160 million in revenue this year from the sale of 420,000 carats from Karowe.
Tags: Deena Taylor, diamonds, Karowe, Lucara Diamond Corporation, rough diamond
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