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RAPAPORT... Lucara Diamond Corporation has recovered 13 diamonds since April 1 that were larger than 100 carats, while two even exceeded 200 carats in size. Eight rough diamonds were classified as gem-quality, with the largest at 259 carats, two at 153 carats and one at 133 carats.
Since the beginning of the second quarter, Lucara's Karowe diamond mine in Botswana has produced 239 diamonds larger than 10.80 carats, including 27 diamonds within the 50-carat and 100-carat range.
The company is planning to host an exceptional stone tender on July 18, with client viewing being scheduled both in Antwerp and in Gaborone. The company is in the process of selecting stones for this tender and it expects to publish details of the offering shortly.
William Lamb, the president of Lucara, said, “The ongoing recovery of these large and exceptional white diamonds continues to drive increased value for Lucara and its shareholders and has established the Karowe mine as a rare source of truly exceptional diamonds. The ongoing recovery of such stones is encouraging for a potential third exceptional stone tender during the fourth quarter of 2014."
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