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Antwerp Cutter to Buy All Lucara’s Large Stones
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Lucara Diamond Corp. will sell all its rough diamonds over 10.8 carats through a manufacturing partnership with HB Group that will provide the miner with regular income during the market slowdown.HB, founded...
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Mining
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Jul 16, 2020
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Rapaport News
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Sarine to Provide ‘Birth Certificate’ for Lucara Rough
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Sarine Technologies has expanded its collaboration with Lucara Diamond Corp. to include provenance traceability for all diamonds listed on the miner’s rough-sales platform.Clara, which enables customers to obtain individual rough diamonds with the...
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Technology
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Jun 28, 2020
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Rapaport News
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Eira Thomas Confident Lucara Can Navigate Crisis
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The diamond mining sector has been hard hit by the coronavirus crisis. There has been a significant drop in demand — when rough sales could even take place — forcing miners to reconsider their production programs...
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Mining
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Jun 22, 2020
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Avi Krawitz
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Where Do We Go from Here?
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The coronavirus pandemic has impacted every part of the diamond supply chain. As markets reopen with the virus still lingering, there is a consensus that a new normal has been established, even as it continues to evolve. The...
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Polished Markets
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Jun 21, 2020
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Avi Krawitz
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Lucara Hopeful of Second-Half Rebound
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Lucara Diamond Corp. has indicated the market could improve in the second half of 2020 as lower rough supply and a recovery in Asia bode well for prices.“Though our near-term outlook on diamond prices remains uncertain,...
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Mining
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May 10, 2020
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Rapaport News
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Lucara May Struggle to Hold Botswana Sales
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The coronavirus outbreak has threatened Lucara Diamond Corp.’s ability to hold tenders in Botswana, and had a heavy negative effect on rough prices, the company said Tuesday.The Botswana government has given Lucara permission to hold...
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Rough Markets
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Apr 01, 2020
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Rapaport News
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Lucara Revenue Beats Expectations
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Lucara Diamond Corp.’s sales rose in 2019 as the miner sold a higher volume of rough from its Karowe mine in Botswana.Proceeds for the year increased 9% to $192.5 million, exceeding the company’s $170 million to $180 million...
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Mining
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Feb 24, 2020
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Rapaport News
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Louis Vuitton Buys 1,758ct. Diamond from Lucara
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Lucara Diamond Corp. has sold Botswana’s largest diamond to Louis Vuitton in a rare move that will see the fashion house partner with an Antwerp manufacturer to polish the stone.The mining company will receive an up-front...
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Rough Markets
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Jan 16, 2020
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Rapaport News
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Lucara Tender Beats Expectations
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Lucara Diamond Corp. achieved higher sales than itexpected at its final tender of the year as market stabilization drove anincrease in rough prices.The owner of the Karowe mine in Botswana brought in $52.9million, 16% above its prediction,...
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Mining
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Dec 19, 2019
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Rapaport News
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Lucara Predicts Rise in Revenue for 2020
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Lucara Diamond Corp. is expecting sales to rise in 2020 amidan increase in production from the higher-grade portion of its Karowe mine inBotswana. Sales will reach $180 million to $210million next year, compared with $170 million...
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Mining
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Dec 01, 2019
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Rapaport News
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Lucara Posts Loss in Third Quarter
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Lucara Diamond Corp. reported a loss at its Karowe mine inthe third quarter, amid increased operating expenses and a weak market forsmaller stones. The company recorded a net loss of $4 million for the periodending September...
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Mining
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Nov 05, 2019
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Rapaport News
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Karowe Yields Rare Blue and Pink Diamonds
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Lucara Diamond Corp has recovered two gem-quality coloreddiamonds from the high-value portion of its Karowe mine in Botswana. The company unearthed a 9.74-carat blue diamond and a4.13-carat pink from run-of-mine ore taken from...
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Mining
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Oct 02, 2019
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Rapaport News
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Karowe Yields Two Massive Stones
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Lucara Diamond Corp. has recovered a 123-carat, type IIrough and a 375-carat, gem-quality stone from the high-value portion of its Karowemine in Botswana, it said Wednesday. Including the two diamonds, the company has unearthed 29diamonds...
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Mining
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Sep 19, 2019
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Rapaport News
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Lucara Profit Drops Amid Lower-Value Output
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Lucara Diamond Corp.’s profit fell in the second quarteramid an increase in the production of smaller stones from its Karowe mine,which yielded a lower average price. Profit declined to $700,000 in the three months ending June30, compared...
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Mining
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Aug 11, 2019
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Rapaport News
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Lucara Names 1,758ct. Diamond ‘Rare Find’
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Botswana’s largest rough diamond now has a name, following a public contest held by Lucara Diamond Corp. The company chose to call the 1,758-carat stone Sewelô, which means “rare find” in the local Setswana language....
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Mining
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Jul 21, 2019
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Rapaport News
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Botswana Proposes Lucara Investment
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The government of Botswana is said to have expressedinterest in buying shares in Lucara Diamond Corp., the owner of the country’shigh-value Karowe diamond mine. “I have proposed…Lucara allow [the] government to invest inthe company,” President Mokgweetsi Masisi told...
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Mining
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Jun 24, 2019
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Rapaport News
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New Tender Schedule Boosts Lucara Results
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Lucara Diamond Corp.’s revenue nearly doubled in the firstquarter, as it introduced a new tender process which enables it to sell its higher-value stones faster. Revenue rose 92% to $48.7 million, as sales volume increased50% to 95,057 carats. The...
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Mining
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May 12, 2019
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Rapaport News
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Karowe Mine Yields 1,758ct. Diamond
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A 1,758-carat diamond that Lucara Diamond Corp. discovered in Botswana has overtaken the famed Lesedi La Rona as the largest rough stone ever found in the country. The stone was unearthed at the Karowe mine and...
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Mining
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Apr 28, 2019
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Rapaport News
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Lucara Sees Revenue Fall in 2018
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Lucara Diamond Corp.’s sales slumped in 2018, as results for the previous year included the sale of a 1,109-carat rough diamond. Proceeds fell 20% to $176.2 million, the company saidThursday. While sales volume rose 35%...
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Mining
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Feb 24, 2019
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Rapaport News
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Lucara Recovers 223ct. Diamond at Karowe
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Lucara Diamond Corp. has unearthed a 223-carat, high-qualitywhite diamond from its Karowe mine in Botswana. “[This year] is off to a great start, with several high-qualitydiamonds in excess of 100 carats having been recovered by mid-February, atestament to the...
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Mining
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Feb 20, 2019
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Rapaport News
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