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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Lucara Diamond Corp. is a Canada-based diamond mining company with a producing mine and exploration license in Botswana. Its 100% owned Karowe mine, located in Botswana. Karowe produces Type IIA diamonds in excess of 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813 carat Constellation. It also owns Clara Diamond Solutions, a secure, digital sales platform positioned to modernize the existing diamond supply chain.


TSX:LUC - Post by User

Bullboard Posts
Comment by Skelticon May 08, 2017 3:15pm
252 Views
Post# 26217509

RE:EST

RE:ESTI  randid'it throught  the  googlenator for  ya's




LUCARA DIAMOND: UNIQUE COLLECTION DIAMONDS UNDER CLUB - MAKER

STOCKHOLM (Direct) When the mining company Lucara Diamond holds its first auction of
Big and unusual rough diamonds for the year, the result can be one of the most
Best in the company's history. In addition, it contributes to the diamond of 374 carat as one
Once been part of the giant lesedi la rona and now under the club.

The record for total revenue from the corresponding sale two years ago
Is likely to stand, but it may well be the second highest
The result so far.

That's what Philip Hoymans, responsible for the diamond broker Bonas, says, organizes
The sale, to the news agency directly.

"No one else can currently show a collection like this one, it's unique. Lucara
Has taken a grasp of the big stones market globally, which everyone in
The industry is now aware. Those who should be here are here, "he says
Phone from Botswana's capital Gaborone, where the sale is held.

A total of 15 rough diamonds are offered for sale, in sizes from
30 to 374 carat, with a total weight of 1,766 carat. Six of the stones are
Of more than 100 carat.

The star in the collection is also the largest stone, which was recovered in November 2015,
But who has been in the cassava since then. The object is the third largest
Quality stone Lucara extracted. Only Constellation of 813 carat and it
1,109 carat large Lesedi la Rona has been larger.

"Nearly comparable is that of 342 carat stone sold to Chopard for two years
Then and later baptized to the Queen of Kalahari. The price then ended
Almost $ 21 million, just over $ 60,000 per carat, "said Philip
Hoymans.

The diamond, which according to the diamond house was characterized by "perfect color and
Absolute purity "ultimately resulted in 23 smaller ground diamonds.

Lucaras normally conservative CEO William Lamb explained in connection with that
The first quarter results were announced that he recommended the analysts
To expect an average price per carat of 30,000-32,000 dollars for
The collection in full, with a possible draw to the higher level. You should
If so, generate revenue in the order of $ 56 million.

The company's record for a special sale like this is 68.7 million
Dollar and was set in July 2015. The price per carat was then also record high
$ 41,000.

That the view is not set higher this time is explained, inter alia, that
One of the objects, a light brown stone of 217 carat, is expected to go for one
Significantly lower price per carat, which reduces the entire collection
average price.

At two of Lucara's ten previous special sales, revenue has been summed up
To more than $ 50 million.

"We are optimistic. Potential buyers have come from Switzerland, Israel,
India and New York. Many come to buy in their own name while others go
Collaborate in partnership to offer the most expensive items, "says
Philip Hoymans.

The diamond market has recovered after a bad second half of 2016
Better than most assessors dared to calculate. Lucara sold in the first
Quarter less raw diamonds from the regular production to the third
The highest average price so far under the company's existence. Too big and unusual
Stones have always been good, according to the company.

The collection has been shown in Gaborone since 3 May. The sale ends
At 16 o'clock on the 11th of May.
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