Lucara Exceptional Stones Tender Generates Sales Of $32.5M

Lucara Exceptional Stones Tender Generates Sales Of $32.5M

June 20, 18 by Albert Robinson

(IDEX Online) – Lucara Diamond Corp.'s 12th Exceptional Stone Tender has achieved gross revenues of $32.5 million, or $22,356 per carat.

The tender consisted of 10 single stone lots, ranging from 40.4 carats to 472.37 carats, totaling 1,453.06 carats and included two diamonds greater than 300 carats. The 327.48 carat diamond sold for $10.1 million, or $30,900 per carat.

All 10 tendered diamonds sold for more than $1.0 million each, and four diamonds sold for more than $3 million each.

The average price per carat, excluding the 472.37 carat top light brown diamond, was $30,712/ct.

Lucara CEO Eira Thomas stated, "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 eight individual companies winning lots. All 10 diamonds sold for more than $1 million each, and the 327.48-carat diamond sold for $10.1 million."

Lucara has now sold 168 diamonds for in excess of $1 million and 10 single diamonds have been sold for greater than $10 million.

The average price per carat for Karowe diamonds sold year to date is $893.3/ct.

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