Lucara completes P440m diamond tender

Karowe Mine
Karowe Mine

Botswana Stock Exchange(BSE) listed Lucara Diamond Corp, which produces high-value precious gems from its flagship Boteti Karowe diamond mine, in Boteti, last week held its first exceptional stone tender of the year, which garnered gross proceeds of $50.47-million(P440 million).

The TSX- and Gaborone-listed miner said it had sold 20 diamonds in single lots totalling 1,191 carat, which resulted in an average price per carat of $42,347.

Of the 20 diamonds on offer, 15 sold for more than a million dollars each, including eight that sold for more than $2-million each.

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The people have spoken

In fact, early election results in some areas across the country, speak to large voter turnout which suggests that voters crowded at polling stations to decide appropriately. The Independent Electoral Commission (IEC) revealed that 80% of the 1,037,684 people who had registered to vote turned up to exercise their right.It’s unfortunate that at the time of cobbling this editorial comment, results had just started trickling in. We recognise that...

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