Industry News by Nemesis

Lucara Announces Dates for Exceptional Stone Tender

October 4, 2016

Lucara Diamond Corp. has announced the dates for its second Exceptional Stone Tender of 2016.

 

Viewings for the tender will take place from November 7 to 16, with the sale closing at 4.00pm CET. The sale will include no less than 12 exceptional diamonds with a combined weight of approximately 1,100 carats.

 

In addition, the company also announced the completion of the first stage of plant modifications to upgrade the Large Diamond Recovery (LDR) circuit to enable the processing of material of up to 90mm in size. This size fraction would allow for the recovery of a diamond of similar size to the 3,106 carat Cullinan diamond recovered in 1905.

 

William Lamb, President and Chief Executive Officer, commented, "The Karowe mine has continued to produce large exceptional high value stones. The ongoing sale of these diamonds has solidified the company's market leadership position and brand recognition for the sale of exceptional high quality, large diamonds. Our focus on advancing our recovery techniques, marketing strategy and the routes to market for the sale of such exceptional diamonds has resulted in the expansion of our premium customer base and is achieving maximum diamond recoveries, prices and shareholder value."

 

Source: Idex

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