Lucara earns $29.7 million at its 2nd Exceptional Stone Tender of 2015

In what can be called a big boost to its business, the Lucara Diamond Corp earned revenues of $29.7 million at its 2nd Exceptional Stone Tender of 2015. Of these, ten of the diamonds sold for more than $1 million each, including five stones that sold in excess of $2 million each. The 13 diamonds, totalling 1,440 carats, realised an average per carat price of $20,625. 

In fact, a 336.3 carat Type IIa diamond sold for $8.18 million, that is $24,324 per carat, while an 83.5-carat Type IIa diamond sold for $4.13 million, that is $49,467 per carat, and was the highest value per carat stone sold at the tender of goods from the Karowe mine. 

As Lucara president and CEO William Lamb explains, “We are happy with the results of this sale with the final figures being in line with expectations. We have noticed that in the current market, buyers have become more conservative when considering pricing for the more complicated stones, which includes the 336 carat stone sold in the current tender.”