Karowe Diamonds Sold For $53.1 Million

karowe mineLucara Diamond Corp. has announced the results from its first Exceptional Stone Tender of 2016 from its key asset—the Botswana-based Karowe diamond mine. The junior mine revealed that the special tender of Karowe diamonds was completed on April 13, 2016 and consisted of 10 single stone lots. All 10 diamonds, totaling 1,525 carats, were sold for gross revenues of US $51.3 million (US $33,632 per carat).

 

According to the listed company, 7 diamonds sold for more than US $2.0 million each, including 4 stones which sold for in excess of US $5.0 million each while Lot 901, the 296.7 carat Type IIa diamond sold for US $12.19 million (US $41,088/ct). On the other hand, Lot 904, the 245.4 carat diamond sold for US $10.49 million (US $42,738/ct) and Lot 903, the 119.0 carat diamond sold for the highest price per carat of US $58,931/ct.

 

“The results from this tender continue to demonstrate the strength of the exceptional stone market,” William Lamb, President and CEO, said. “We are very pleased with the quality of the diamonds being recovered which is evident in the consistent average value per carat achieved.”

 

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