Lucara Diamond Corp. sold a total of 4,657 carats of diamonds from the Mothae diamond mine in Lesotho for US$1.51 million, yielding an average price per carat of US$324. Last week's diamond sale consisted of 32 sales parcels of which 26 were sold on a sealed tender at the offices of Bonas-Couzyn in Antwerp.
The highest value stone sold was a 9.74-carat Type IIA diamond, which achieved a price of US$272,720 or US$28,000 per carat. Notwithstanding the high-quality Type IIA diamond recovered from Lucara's 75 percent-owned mine, the diamonds sold were mined from a higher grade area of the kimberlite, which is generally known to producer lower quality, smaller diamonds, notes the miner.
This sale reportedly completed the Mothae project's trial mining program.
