Lucara Diamond said it accrued $13.4 million from the Karowe diamond sale, which completed on September 10.
It said in a statement emailed to Rough&Polished that a total of 48 lots were put up for sale containing 52,231 carats of diamonds from the Botswana mine.
All lots were sold, including the 741 carats withheld from the previous sale for an average price of $257 per carat.
The highest value stone sold was a 16.44 carat diamond which sold for $460,484 or $28,010 per carat.
“We are pleased with the results of the third sale of Karowe diamonds,” said Lucara chief executive William Lamb.
“The excellent value obtained confirms the high quality of the Karowe production. This is especially significant in the current depressed state of the rough diamond market.”
Lucara had also decided to hold fewer sales of larger sales volumes over the remainder of the year to ensure consistency of sale parcels.
Meanwhile, the diamond junior said that it expected carat production at Karowe to meet or exceed the 270,000 carats target set for the year.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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