Lucara completes P440m diamond tender

Monday, April 14, 2014

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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