Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the recovery of thirteen diamonds larger than 100 carats, two of which exceed 200 carats, since the start of the second quarter. Of the thirteen stones recovered, eight are gem quality diamonds.
The five largest gem quality stones weigh 259cts, 239cts, two stones weighing 153cts each and a 133cts stone. Since the beginning of the second quarter, Karowe has produced 239 diamonds larger than 10.8 carats, including 27 diamonds with weights between 50 and 100 carats.
Lucara is also pleased to announce its second Exceptional Stone Tender on July 18, 2014. Client viewings will take place in both Antwerp and Gaborone with the tender closing at 4.00pm CET. The Company is in the process of selecting stones for this tender and will post this information along with a brochure on the Company's website when available.
William Lamb, President and CEO, commented, "The ongoing recovery of these large and exceptional white diamonds continues to drive increased value for Lucara and its shareholders and has established the Karowe mine as a rare source of truly exceptional diamonds. The ongoing recovery of such stones is encouraging for a potential third exceptional stone tender during the fourth quarter of 2014."
On Behalf of the Board,
William Lamb, President and CEO
Lucara's Certified Advisor on NASDAQ OMX First North is Pareto Securities AB.
Source: http://www.lucaradiamond.com/