HomeDiamonds & GemstonesLucara exceptional stone tender generates US$38.7 million revenue

Lucara exceptional stone tender generates US$38.7 million revenue

This is following its second Exceptional Stone Tender of 2016.

The tender of Karowe diamonds consisted of 12 single stone lots. Five of these diamonds were sold for $2 million each, while a 224.5 carat type IIa diamond sold for $11.11 million, achieving the highest value of $49 497/carat.

In addition, a 162.3 carat diamond sold for $4.88 million and a 81.8 carat diamond sold for the second highest price per carat of $46 138/ct.

President and CEO of Lucara William Lamb said the latest tender was the tenth exceptional stone tender for the company and it was fittingly concluded on the one year anniversary of the recovery of the historic 1 109 carat Lesedi La Rona diamond.

“Lucara has sold 144 magnificent diamonds bringing in revenues of greater than $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,” said Lamb.

“These ongoing excellent results demonstrate the sustainability of production and the continued strong demand for Karowe’s high value diamonds.”