Oct 05, 2016

Lucara’s Next Exceptional Stone Tender Scheduled for November, 2016

Lucara Diamond Corp. will hold its second Exceptional Stone Tender of 2016 in November 2016.  “Viewings for the tender will take place from November 7 through November 16, 2016 with the sale closing at 4.00pm CET on November 16, 2016. The sale will include no less than 12 exceptional diamonds with a combined weight of approximately 1,100 carats,” the Company revealed.

Lucara also   announced that it had completed stage one of plant modifications “to upgrade the Large Diamond Recovery (LDR) circuit to enable the processing of material of up to 90mm in size”. This will allow the Company to recover any diamond of similar size to the 3,106 carat Cullinan diamond found in 1905, should they come across one.

William Lamb, President and Chief Executive Officer, commented: "The Karowe mine has continued to produce large exceptional high value stones. The ongoing sale of these diamonds has solidified the Company's market leadership position and brand recognition for the sale of exceptional high quality, large diamonds. Our focus on advancing our recovery techniques, marketing strategy and the routes to market for the sale of such exceptional diamonds has resulted in the expansion of our premium customer base and is achieving maximum diamond recoveries, prices and shareholder value."