Karowe diamonds auction fetches P560m

The largest was a 296.7-carat stone that fetched $12.19 million, or $41,008 per carat, while a 245.4-carat diamond went for $10.49 million. All diamonds were sourced from the company’s Karowe mine near Orapa, with the highest average price per carat coming in at $58,931 for a 119-carat gem, the company said.

“The results from this tender continue to demonstrate the strength of the exceptional stone market,” William Lamb, Lucara’s president and chief executive, said. “We are very pleased with the quality of the diamonds being recovered which is evident in the consistent average value per carat achieved.”