Lucara Diamond

Lucara's Botswana mine yields first diamonds

Lucara's Karowe diamond mine in Botswana has yielded its first precious stones.

Lucara receives record price for its Lesotho diamonds

A total of US$6.4 million obtained Lucara Diamond Corp. for the sale rough diamonds at its second tender of gems recovered from the Mothae mine in Lesotho. The company reported that all 28 lots offered received multiple bids with 7,190 carats garnering an average price of $893 per carat.

Lucara reports continued excellent results from Mothae Diamond Project in Lesotho

Lucara Diamond Corp. provided an update on trial mining operations on the Mothae kimberlite project in Lesotho on Tuesday.

Lucara is a member of the Lundin Group of Companies and is listed on the TSX Venture Exchange under the symbol "LUC". Lucara continues to evaluate projects throughout Africa for possible earn-in or acquisition.

Lucara’s first diamond tender yields gross proceeds of $8.18 million

Lucara Diamond Corp. ("Lucara" or the "Company") (TSX VENTURE:LUC) is very pleased to report outstanding results from its first tender of rough diamonds recovered from the Mothae mine in Lesotho. A total of 42 sales lots, totaling 9,381.35 carats were sold on tender in Antwerp for an average of US$871.70/ carat. Gross proceeds from the sale, which closed today, March 28, 2011, totaled $8,177,714 million.

The three stones with the highest per carat value were a 13.87 carat diamond which sold for $43,000/ct, a 24.57 carat diamond which sold for $32,351/ct, and a 20.13 carat diamond which sold for $27,995/ct.

Gem Diamonds in talks with Lucara

Gem Diamonds says it is in very early stage talks with Canadian-listed Lucara Diamond Corp over a possible merger.

"These discussions are at a very early stage and there can be no certainty the contemplated merger will occur or of the timing or terms of any such transaction," Gem Diamonds said in a statement on Monday.