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Lucara Sells 224ct. Rough for $11M

Nov 17, 2016 4:59 AM   By Rapaport News
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RAPAPORT... Lucara Diamond Corp garnered $38.7 million at its exceptional rough sale this week, boosted by a 224.5 carat stone recovered from the Karowe mine.

The type-IIa diamond fetched $11.1 million, or $49,497 per carat, the highest value per carat achieved at the company’s second exceptional stone tender of the year. The event featured 12 single-stone lots totaling 1,098 carats.

Five diamonds sold for more than $2 million each. A 162.3-carat stone drew $4.9 million, or $30,117 per carat, while an 81.8-carat diamond garnered $46,138 per carat.

All the goods came from Lucara’s famed Karowe mine in Botswana, which produced the 1,109-carat Lesedi La Rona rough diamond, the second largest in history, in November last year.
Tags: Botswana, exceptional stone tender, Karowe, Karowe mine, large diamonds, lucara, Lucara Diamond Corp, Rapaport News, rough, Rough Diamonds
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