Karowe diamond auction fetches P200m

A statement released by the Botswana Stock Exchange (BSE) listed company this week said the tender comprised a total of 1,028 carats. The highest value stones sold was a 256.6 carat gem that went for $4.4 million and a 137.9 carat stone that fetched $4.28-million. Seven more diamonds sold for more than $1 million each.

Lucara said it planned to hold one more regular tender during the fourth quarter, bringing the total volume of diamonds sold in 2013 to more than 420,000 carats as forecast. The company announced that the Karowe mine continued to produce exceptionally large stones, including a 167 carat diamond and a 122 carat diamond, which would be sold by tender in 2014.