Lucara Sells Two Huge Diamonds at $32M Tender

RAPAPORT... Lucara Diamond Corp. sold $32.5 million worth of rough from the Karowe mine at its recent exceptional-stone tender, including a 327-caratdiamond that fetched more than $10 million. The 10 stones - ranging from 40.4 carats to 472.37carats -weighed a combined 1,453.06 carats, and sold for an average price of $22,356per carat, Lucara said Tuesday. The highest seller was a 327.48-carat white diamond (pictured, right), which earned$10.1 million, or $30,900 per carat. A 472.37-carat light brown stone (left) alsofound a buyer, though the miner did not publish its price tag. "Lucara is very pleased with the outcome of [the sale],which was comprised of diamonds produced during 2018, including severaldiamonds recovered from [a recently exposed part of Karowe] during February andApril of this year," said Lucara CEO Eira Thomas. All 10 of the stones on offer at the tender - which 29companies attended - sold for over $1 million each, with four of thosegarnering more than $3 million apiece. Ten diamonds Lucara has sold since production began have fetched more than $10 million each, the miner noted.