Lucara Diamond sold $6.4 million worth of rough diamonds at its second tender of goods from the Mothae mine in Lesotho. The company reported that all 28 lots offered received multiple bids with 7,190 carats garnering an average price of $893 per carat.
''The results of this sale re-confirm the presence of a population of large, top quality diamonds within the Mothae kimberlite and demonstrate that these stones can be recovered with a regularity which greatly enhances the economic potential of the project,'' said William Lamb, Lucara’s chief executive. ''We are particularly pleased with the enthusiastic market response to Mothae production, suggesting that we can always expect strong demand for our type of diamonds regardless of market conditions.''
The top lot was a 28.89-carat, type IIa diamond, which sold for $1.6 million, or $57,113 per carat. A 56.51-carat type IIa diamond sold for $2.1 million, or $37,019 per carat, and a 19.20-carat type IIa stone fetched $490,000, or $25,520 per carat.
-Rapaport
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