Lucara Achieves US$ 32.48 Million from 12th Exceptional Stone Tender

Lucara Diamond Corp. has announced the results from its 12th Exceptional Stone Tender ("EST").  The tender consisted of 10 single stone lots, ranging from 472.37 to 40.4 carats in size, totaling 1,453.06 carats, included two diamonds greater than 300 carats, and achieved gross revenues of US$ 32.48 Million (US$ 22,356 per carat). The 327.48 carat diamond sold for US$ 10.1 Million (US$ 30,900/ct).

Highlights

•     All 10 tendered diamonds sold for more than US$ 1.0 Million each
•     Lot number 1201, the 327.48 carat diamond sold for US$ 10.1 Million
•     4 diamonds sold for in excess of US$ 3 Million each
•     The average price per carat, excluding the 472.37 carat top light brown diamond, was US$ 30,712/ct

Eira Thomas CEO, stated, "Lucara is very pleased with the outcome of EST12, which was comprised of diamonds produced during 2018, including several diamonds recovered from the EM/PK(S) unit during February and April of this year. The quality of Karowe's large diamonds continues to attract the attention of the World's foremost manufacturers and diamantaires with 29 companies attending the sale and 8 individual companies winning lots. All ten diamonds sold for more than $1 Million each and the 327.48 carat diamond sold for US$ 10.1 Million (US$ 30,900/ct)."

Lucara has now sold 168 diamonds for in excess of US$ 1 Million and 10 single diamonds have been sold for greater than US$ 10 Million. The EST achieved a price in excess of US$ 22,356 per carat, continuing the production of large high quality diamonds sourced from the South Lobe of the AK06 kimberlite. The average price per carat for Karowe diamonds sold year to date is US$ 893.3/ct.