Thrice-listed mining firm Lucara Diamond has sold a 12 of its diamond totaling 1,098 ct, from its Karowe mine in Botswana.

The firm said five of the diamonds have been sold for more than $2 million. It highlighted that a 224.5 ct type IIa stone was sold for $11.11 million, representing $49,497/ct, the highest average per carat sale price it recorded so far. Another 81.8ct stone was sold for $46,138/ct and a third 162.3ct stone was for $4.88 million ($30,117/ct).

“It is fitting that this tender, the tenth Exceptional Stone Tender for the Company was concluded on the one year anniversary of the recovery of the historic 1,109 carat, Lesedi La Rona diamond,” said CEO of Lucara Diamond, William Lamb.

These ongoing excellent results demonstrate the sustainability of production and the continued strong demand for Karowe's high value diamonds

He also said his firm sold 144 “magnificent” diamonds generating more than $460 million. These ongoing excellent results demonstrate the sustainability of production and the continued strong demand for Karowe's high value diamonds, he said.

It should be recalled that for its first tender this year, in April, Lucara sold 10 diamonds totaling 1,525ct for $51.3 million. The stones also came from the Karowe mine.

Lucara Diamond Corp holds 100% interest in the Karowe mine, in Botswana, and 75% of the Mothae diamond project, in Lesotho.

Louis-Nino Kansoun