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Lucara Sells Rare Blue Diamond for Nearly $5M

The company generated more than $17 million from 56,982 carats of rough.
Nov 27, 2012 4:21 AM   By Dilipp S Nag
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RAPAPORT... Lucara Diamond Corp. sold a 9.46-carat blue diamond for $4.5 million, or $477,272 per carat, at ‎its recent sale of goods from the Karowe diamond mine in Botswana.‎

The diamond was the top lot at Lucara’s recent tenders in Antwerp and Botswana, where the ‎company sold 56,982 carats for $17.1 million at an average price of $300 per carat. ‎

The sale included a second small blue diamond weighing 0.64 carats, which sold for ‎‎$24,500, or $38,282 per carat, the company reported.‎

‎"The sales numbers for our fourth sale of Karowe diamonds are a fantastic result for Lucara. ‎The value received for the exceptionally rare blue diamond has added significantly to the sale," ‎said William Lamb, the president  of Lucara. "The occurrence of the two ‎blue diamonds sold confirms the excellent quality of the resource at Karowe."‎

The final sale of Karowe diamonds in 2012 will take place in December, with an expected sales ‎volume of approximately 57,000 carats.‎
Tags: Botswana, diamonds, Dilipp S Nag, Karowe, lucara, Lucara Diamond, Rapaport
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