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.

Editor's Comment
Has life become worthless?

As many wondered what wrong the young boy could have done to end up killed, it emerged that his own cousin was a suspect in the murder after he claimed P50,000 from Botswana Life. Thato Tsametse, who was last week sentenced to death for the murder of his cousin, had reportedly taken out two Mmoloki Funeral Covers valued at P25,000 each.Over the years, the media has been covering the murder case, and some revelation has come up that certain...

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