Lucara reports “exceptional revenue” from tender

by eyetee | May 23, 2013 3:33 pm

A 239-carat diamond from the Karowe mine in Botswana has sold for $5.75 million.

Held earlier this month, Lucara Diamond Corp.’s first large and exceptional diamond tender also resulted in the sale of four other diamonds, garnering more than $2.5 million each.

“We are ecstatic with the results of this special tender and it confirms the quality of diamonds currently being produced from Karowe,” said William Lamb, president and chief executive officer (CEO) of the Vancouver-based company.

“The recovery of large and exceptional diamonds cannot accurately be predicted, but the recovery of blue diamonds and now a population of large diamonds are making Karowe a remarkable deposit. To be in a position to hold a large stone tender within the first year of production is exceptional, especially when considering all the diamonds sold were recovered from a regular production cycle. Over the past few weeks, additional large diamonds have been recovered and management is currently considering options for holding an additional large-stone tender later in the year.”

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