Tobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.
Lucara nets $25M at first large stone tender
Mining company Lucara Diamond Corp. reported that its first tender of big and “exceptional” rough diamonds garnered a total of $24.9 million, or $30,468 per carat.
Vancouver, British Columbia--Mining company Lucara Diamond Corp. reported that its first tender of big and “exceptional” rough diamonds garnered a total of $24.9 million, or $30,468 per carat.
This special sale of diamonds from the Karowe Mine in Botswana, the company’s only fully operational mine, consisted of 15 single-stone lots totaling about 817 carats. The tender sold 100 percent by volume.
The highest-grossing piece of rough was the 239-carat diamond discovered earlier this year along with a 124-carat and a 71.1-carat stone.
The 239-carat rough diamond sold for $5.8 million, a little more than $24,000 per carat. In addition, there were another four diamonds that sold for more than $2.5 million each, Lucara said.
Company President and CEO William Lamb said over the past few weeks, the company has recovered more large diamonds from Karowe and is considering holding another large stone tender later in the year. In addition, Lucara has made modifications to the top size of material that the mine’s process plant can treat due to the continued recovery of larger-than-expected diamonds.
“We are ecstatic with the results of this special tender and it confirms the quality of diamonds currently being produced from Karowe,” Lamb said. “The recovery of large and exceptional diamonds cannot accurately be predicted but the recovery of blue diamonds and now a population of large diamonds are making Karowe a remarkable deposit. To be in a position to hold a large stone tender within the first year of production is exceptional, especially when considering that all the diamonds sold were recovered from a regular production cycle.”
Lucara held the special tender in addition to its regular sale, which closed on May 14.
Based in Vancouver, Lucara owns 100 percent of the Karowe Mine and has a 75 percent stake in the Mothae Project in the Kingdom of Lesotho.
The Latest
Stars adorned themselves in emeralds, platinum, and myriad bird motifs, writes Associate Editor Natalie Francisco.
M.S. Rau is set to open a seasonal gallery in the high-end resort town early next month.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
The branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
The six designers, all participants in the show’s Diversity Action Council mentorship program, will exhibit in Salon 634.
The highlight of his collection is the coveted Patek Philippe Grandmaster Chime, which could sell for up to $5 million.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
The “Venetian Link” series modernizes the classic Veneziana box chain in its bracelets and necklaces.
The Seymour & Evelyn Holtzman Bench Scholarship will provide tuition assistance to two low-income students.
The Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
The executive talked about the importance of self-purchasers and how fuel cell electric vehicles are going to fuel demand for platinum.
The Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.
It will award a graduating high school student with about $10,000 toward a GIA diploma and an internship with the Seattle-based jeweler.
Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.