12:33 PM EDT, 09/20/2017 (MT Newswires) -- Lucara Diamond (LUC.TO), near a 52-week low, reports that it is "in agreement" with a proposed amendment to the Botswana Precious and Semi Precious Stones (Protection) Act, as described in a Sept 18, 2017 Reuters' article . The amendment concerns that Botswana Government's right to purchase diamonds that are unusually large or have unusual features at market prices, and will have no impact on Lucara Diamond Corp.'s financial position.

The bill as mentioned in the article states that 'the price to be paid by government for a rough or uncut precious stone offered for sale by the producer shall be agreed by the parties in accordance with the current market price of the rough or uncut precious stone'.

Lucara said this policy amendment allows for both the government and the company to achieve sustainable revenue at market prices for the sale of its diamonds.

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