Lucara Diamond sales net US$32.48 million

Irene Shone - BG Correspondent
Friday, 22 June 2018
Lucara Diamond sales net US$32.48 million

Lucara Diamond recently sold a total 1,453.06 carat, including two diamonds greater than 300 carats, and achieved gross revenues of US32.48 Million (US 22,356 carat).

This is according to the latest results from Lucara’s 12th Eceprional Stone Tender (EST). The tender consisted of 10 single lots, ranging from 472.37 to 40.4 carats in size. The 327.48-carat was sold for US10.1 Million (US 30,900/ct). President and CEO of Lucara, Eira Thomas acknowledges that the quality of Karowe’s large diamonds continues to attract attention of the world’s foremost manufacturers and diamantaries within 29 companies attending the sale and eight individual companies winning lots.

“Lucara is very pleased with the outcome of EST12, which was comprised of diamonds produced during 2018, including several diamonds recovered from the EM/PK(S) unit during February and April of this year,” he said. He added that all the ten diamonds were sold for more than $1 Million each and the 327.37 carat diamond sold for US$ 10.1 Million (US$ 30, 900/ct).

At present, Lucara has sold 168 diamonds in excess of 1 Million and ten single diamonds have been sold over US 10 Million. Thomas explains that the average price per carat for Karowe diamonds sold up to date, equates to 893.3/ct. The EST achieved a price in excess of US 22,356 per carat, continuing the production of large high quality diamonds sourced from the South Lobe of the AKO6 Kimberlite, Thomas says.

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