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Lucara’s First Exceptional Tender of Year Fetches $51M

Apr 18, 2016 3:09 AM   By Rapaport News
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Lucara's Karowe mine in Botswana

RAPAPORT... Lucara Diamond Corp. sold 10 rough diamonds for $51.3 million at its first exceptional stone tender of the year.

The miner, well known for discovering the 1,111-carat Lesedi La Rona, said it sold seven diamonds for more than $2 million each at the tender April 13. The largest was a 296.7-carat, type-IIa stone that fetched $12.19 million, or $41,008 per carat, while a 245.4-carat diamond went for $10.49 million, or $42,738 per carat.

All diamonds were sourced from the company’s Karowe mine in Botswana, with the highest average price per carat coming in at $58,931 for a 119-carat gem, the company said.

"The results from this tender continue to demonstrate the strength of the exceptional stone market,” said William Lamb, Lucara’s president and chief executive. “We are very pleased with the quality of the diamonds being recovered which is evident in the consistent average value per carat achieved."
Tags: exceptional stone tenders, Exceptional Stones, Lucara Diamond Corp., Rapaport News
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