Lucara Diamond Corp announced that its second Exceptional Stone Tender of 2015, which included 13 single stones totalling 1,440 carats,  achieved revenues of US$ 29.7 million (US$ 20,625 per carat).

These very large, high quality exceptional stones were mined at Lucara’s   100% owned Karowe Mine in Botswana.

Of the 13 stones, 10 diamonds sold for more than US$ 1.0 million each including 5 stones which sold for in excess of US$ 2.0 million each.

The 336.3 carat Type IIa diamond (Lot 801) sold for US$ 8.18 million (US$ 24,324/carat);  the 8.03 carat pink diamond (Lot 802)sold for US$ 911,911 (US$ 113,563/carat); and the 83.5 carat Type IIa diamond (Lot 803) sold for US$ 4.13 million (US$ 49,467/carat).

Further, Lucara announced the recent recovery of a 348 carat and a 255 carat stone. “Both stones were recovered by the new XRT machines installed at the Karowe Mine,” the Company said. “The quality of the stones will be assessed only once they have been cleaned.”

William Lamb, President and CEO, commented, "We are happy with the results of this sale with the final figures being in line with expectations. We have noticed that in the current market, buyers have become more conservative when considering pricing for the more complicated stones, which includes the 336 carat stone sold in the current tender.”