Lucara in the Sky with Diamonds: 239 Carat Diamond’s Super Sale

To say they’re off to a good start would be an understatement. On May 22, Lucara Diamond Corp. announced the results of their first large and exceptional diamond tender earlier this month, and even the world’s poshest jaws dropped. Consisting of 15 single stone lots, Lucara reported revenues of $24.85 million, or an astounding $30,468 per carat. In other words, more than the combined rest of us will ever see in a lifetime. The highest value diamond, at a whopping 239 carats, sold for $5.75 million, with four other diamond sales for just under half that.

The success of the sale confirmed Karowe Mine as a remarkable deposit of rare and large stones. The company had previously made news in January of this year for the recovery of several sought-after blue diamonds, the most significant of which weighed in at 9.46 carats, and sold for $4.515 million. Plans are now reportedly underway to modify and increase Karowe’s plant treatment process in order to make way for more giant gems.

Considering production at the Botswana mine is still under a year old, and such immediate and extraordinary success is unprecedented in the diamond mining industry, Lucara execs have publicly expressed their delight. That is, when they’re not gleefully rolling around in their piles of money.

Leave a Comment

Florida Jewelry | Luxury Watches | Raymond Lee Jewelers

Implications of non-payment: There are no financial implications. If no payment is made the loan simply defaults. Collection practices include sending a text message or email reminding the client payment is due. There is no impact to a client's credit score for late or non-payment. Loans are renewed when an interest payment is made. Maximum APR; 36%. There are no additional fees or penalties when renewing a loan. No loans offered are under 60 days. Early prepayment options that are available are not associated with any fees or cost. The loan is not required to be repaid within 60 days. The minimum repayment period is 61 days and maximum is 10 years. An example of a loan is: borrower takes $100, repays $106 in 90 days. Loan is fulfilled.

Wishlist 0
Continue Shopping