Lucara Diamond’s 2014 stone tenders bring in $136 million  

Spread the love

Lucara blue diamondLucara Diamond Corp has announced the results from its third Exceptional Stone Tender of 2014. The sale of fourteen diamonds closed on October 21, 2014 with all lots being sold for gross revenues of $46.4 million ($30,129 per carat).

A total of 12 of the 14 stones sold for greater than $1.0 million, including 6 stones which sold for greater than $4.0 million each. The highest value stones sold during the tender included the 203 carats, the 239 carats and the 141 carats diamonds which sold for $8.2 million, $7.2 million and $6.1 million respectively.

This tender concludes Lucara’s Exceptional Stones Tenders (“EST”) for 2014. Through the year, 50 diamonds were sold in EST’s, generating revenues of $135.6 million at an average diamond value of $32,468 per carat. Of the 50 diamonds sold, 40 sold for greater than $1.0 million, including 8 stones which sold for greater than $5.0 million.

William Lamb, President and CEO, commented, “The results of this Exceptional Stone Tender reaffirms the demand for these remarkable diamonds that continue to be recovered at Karowe. Our sales results reflect the continued robustness of the diamond sector and the continued strong demand for our exceptional diamonds.”

error: Content is protected !!