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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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Lucara Unearths 240ct. Rough at Karowe
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Lucara Diamond Corp. has recovered a 240-carat, “top-white”rough stone from the high-value portion of its Karowe mine in Botswana, it saidMonday. The diamond is the second weighing more than 100 carats thecompany has found this...
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Mining
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Jan 28, 2019
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Rapaport News
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Lucara Finds Additional Resources at Karowe
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A high-value section of the Karowe minecontains a larger supply of diamonds than originally thought, Lucara DiamondCorp. said. A feasibility study at the Botswana-basedasset shows a 54% increase in indicated resources in the EM/PK (S) portion of itssouth lobe region,...
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Mining
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Jan 27, 2019
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Rapaport News
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Lucara Unearths 127ct. Diamond
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Lucara Diamond Corp. has recovered a 127-carat rough diamondfrom its Karowe mine in Botswana. The company found the “high-quality” white stone in the deposit’ssouth lobe, the same area where it unearthed the 1,109-carat Lesedi...
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Mining
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Jan 13, 2019
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Rapaport News
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Lucara Completes First Sale on Clara Platform
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Lucara Diamond Corp. recorded an 8% premium in theinaugural sale of rough on its new digital platform, which it completed lastmonth, the miner reported Tuesday. Five out of seven participating manufacturers andjewelers came away with goods, with...
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Rough Markets
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Jan 08, 2019
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Rapaport News
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Lucara Lifts Production Outlook
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Lucara Diamond Corp. raised its production forecast for the fullyear after recovering more carats in the third quarter than it had anticipated. A strong operational performance at the Karowe mine’sprocessing plant resulted in improved recovery...
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Mining
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Nov 11, 2018
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Rapaport News
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Lucara to Hold Debut Sale on Clara Platform
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Lucara Diamond Corp. will launch its first sale in Novemberusing its new digital platform that allows customers to obtain the exact rough diamondsthey need, it said Monday. The miner will upload a variety of diamonds...
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Mining
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Oct 22, 2018
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Rapaport News
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Lucara, Sarine Partner for Rough Program
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Sarine Technologies will provide digital services for LucaraDiamond Corp.’s new rough-sales platform, allowing customers to obtain diamondswith the exact specifications they require. Under the agreement, rough stones will undergo Sarine’sGalaxy inclusion...
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Mining
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Aug 21, 2018
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Rapaport News
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Lucara Raises Large-Stone Forecast at Karowe
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Lucara Diamond Corp. will focus on the high-value section ofits Karowe mine that produced the 1,109-carat Lesedi La Rona, after a surveyindicated the area contained more large stones than previously predicted. A sample of 13,562...
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Mining
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Jul 01, 2018
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Rapaport News
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Lucara Sells Two Huge Diamonds at $32M Tender
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Lucara Diamond Corp. sold $32.5 million worth of rough from the Karowe mine at its recent exceptional-stone tender, including a 327-caratdiamond that fetched more than $10 million. The 10 stones — ranging from 40.4 carats...
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Mining
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Jun 20, 2018
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Rapaport News
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Lucara Hires Strategy Executive
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Lucara Diamond Corp. has appointed Ayesha Hira as vicepresident for corporate development and strategy. Hira is a former geologist with a background in diamonds,base metals and gold exploration. She later switched to capital markets,focusing on mining companies....
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Mining
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Jun 17, 2018
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Rapaport News
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Karowe Firm Gets First Female Boss
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Lucara Diamond Corp. has appointed Naseem Lahri as the firstfemale managing director of its Boteti Mining subsidiary, which owns thehigh-value Karowe mine. “I am delighted to be welcoming Naseem into her new role asmanaging director of Boteti,...
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Mining
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May 02, 2018
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Rapaport News
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Lucara Unearths 472ct. Rough Stone
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Lucara Diamond Corp. has recovered a 472-carat rough diamond, thethird largest from its Karowe mine in Botswana. The stone is “top light brown,” meaning it has a relativelylow color grade. “In 2018, mining at Karowe is focused...
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Mining
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Apr 15, 2018
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Rapaport News
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Ex-Stornoway Exec Becomes Lucara CFO
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Lucara Diamond Corp. has appointed Zara Boldt as its chieffinancial officer and corporate secretary, as part of an effort to consolidateits management team, the miner said last week. “[Zara] will be focused on maximizing the value of Lucara’score...
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Mining
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Mar 25, 2018
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Rapaport News
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