Pursuits
Lucara Falls as Gem Auction Price Disappoints: Vancouver Mover
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Lucara Diamond Corp., a Vancouver-based gem miner with assets in Africa, fell the most in more than three years after the company sold diamonds in an auction for less than expected by some analysts.
Lucara plunged 19 percent to 81 Canadian cents a share in Toronto, the biggest decline since Dec. 23, 2008. Lucara shares have declined 5.8 percent this year through yesterday.