Lucara Earns $40.12 Million at Exceptional Stone Tender

Lucara Diamond Corp. (TSX:LUC) announced that it achieved gross revenues of $40.12 million at its second 2014 Exceptional Stone Tender. The tender consisted of 16 lots, all of which were sold.

As quoted in the press release:

Of the 16 stones sold, 13 sold for more than $1.0 million each including 4 stones which sold for in excess of $4.0 million each. The highest value stones sold were a 109.4 carats and a 118.4 carat diamond which sold for $6.19 million ($56,615/ct) and $5.36 million ($45,225/ct) respectively.

William Lamb, president and CEO of Lucara, commented:

The incredible Karowe diamonds continue to yield spectacular results and the recovery of these exceptional stones also continues. The Company’s next Exceptional Stone Tender is scheduled for early in the fourth quarter of 2014. Potential stones that will be included in this sale include a 239 and a 193 carat diamond, recovered during the second quarter.

Click here to read the full Lucara Diamond Corp. (TSX:LUC) press release.