Lucara Diamond has concluded its first Exceptional Stone Tender of Karowe diamonds in 2017. According to Diamond World, the tender consisted of 15 single stone lots totaling 1765.72 carats and achieved gross revenues of $54.8 Million – a price in excess of US$31,000 per carat. To date, Lucara has sold 145 diamonds for more than $1 million each, bringing in revenues of greater than $528 Million.
According to the report, seven diamonds sold at the tender for more than $2 million each. A 373.72 carat Type IIa diamond sold for $17.54 Million ($46,935 per carat), and “an additional three diamonds sold for more than $4 million, including the 182.47 carat stone which sold for $6.3 million”.
William Lamb, President and CEO, said: “Now in its fifth year of production, Karowe continues to deliver strong, consistent, results from its Regular and Exceptional Tenders, demonstrating the robust nature of the orebody and the predictable contribution from large, high value diamonds (+10.8 carat specials)”.
