Lucara achieves strong results for its second Exceptional Stone Tender of 2016

Lucara Diamond Corp. recorded gross revenues of US $38.70 million from its second Exceptional Stone Tender of 2016. This tender of Karowe diamonds consisted of 12 single stone lots, totaling 1,098 carats. All 12 diamonds were sold achieving US $35,230 per carat.

William Lamb, President and CEO, commented, "It is fitting that this tender, the tenth Exceptional Stone Tender for the company was concluded on the one year anniversary of the recovery of the historic 1,109 carat, Lesedi La Rona diamond.”

The sale saw five diamonds selling for more than US $2.0 million each. A 224.5 carat Type IIa diamond sold for US $11.11 million (US $49,497/ct), which was also the highest value per carat diamond. A 162.3 carat diamond sold for US $4.88 million (US $30,117/ct) and the 81.8 carat diamond sold for the second highest price per carat of US $46,138/ct.

William Lamb further noted that, “To date, the company has sold 144 magnificent diamonds bringing in revenues of greater than US $460 million. This includes 143 diamonds sold through the exceptional stone tender process and also the beautiful 813 carat Constellation diamond which was sold in a private transaction. These ongoing excellent results demonstrate the sustainability of production and the continued strong demand for Karowe's high value diamonds."