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Stock Market & Financial Investment News

News Breaks
November 26, 2012
17:03 EDTLUCLukens sells 9.46 carat blue diamond for $4.5M
Lucara Diamond reports results of the Karowe diamond sale completed on November 26. A total of 52 lots were put up for sale containing 56,982 carats of diamonds. All lots were sold, for an average price of $300 per carat yielding gross proceeds of $17.14M. The jewel of the sale was the 9.46 carat blue diamond which sold for $4.52M or $477,272 per carat. Also included in the sale was a second small blue diamond weighing 0.64 carats which sold for $24,500 or $38,282 per carat. The diamonds were sold on tender with pre-sale viewings in Gaborone and Antwerp. Viewings in Antwerp were held at the offices of Bonas-Couzyn.
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September 15, 2014
17:33 EDTLUCLucara awarded two precious stone prospecting licenses in Prapa District
Lucara Diamond announced that the Republic of Botswana through the Ministry of Minerals, Energy and Water Resources has granted Lucara two precious stone prospecting licenses within the Orapa Kimberlite Field in close proximity to the Karowe Diamond Mine. Both prospecting license areas host known diamondiferous kimberlites. Block A or the BK2 license is 1.07 km2 in area and located approximately 30 km to the east of Lucara's Karowe Diamond Mine. The BK2 kimberlite has a surface area of approximately 2.4ha and is exposed at surface in a series of narrow trenches. BK2 was discovered in 1967 and has seen episodic exploration with programs ranging from surface trenching, drilling, and microdiamond sampling. Insufficient drilling has been completed to properly outline the size of the intrusion and establish the internal geology. Previous operators conducted microdiamond sampling on drill chips and surface trench material. A sample of fresh magmatic kimberlite from drilling returned a total of 800 microdiamonds from a 134.4 kilogram sample. A total of 6 diamonds were greater than 0.850mm in size. The previous operator concluded that many of the microdiamonds were fragments of a larger diamond that was likely broken during sampling. Lucara plans to conduct a full site assessment and locate areas amenable for the extraction of a large volume of kimberlite for diamond content and size distribution analysis.

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