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Lucara
Lucara Profit Drops Amid Lower-Value Output
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...
Mining Aug 11, 2019 Rapaport News
Lucara 1758ct. 150 new
Lucara Names 1,758ct. Diamond ‘Rare Find’
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....
Mining Jul 21, 2019 Rapaport News
Lucara
Botswana Proposes Lucara Investment
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...
Mining Jun 24, 2019 Rapaport News
Lucara
New Tender Schedule Boosts Lucara Results
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...
Mining May 12, 2019 Rapaport News
Lucara 1758ct. 150
Karowe Mine Yields 1,758ct. Diamond
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...
Mining Apr 28, 2019 Rapaport News
Lucara
Lucara Sees Revenue Fall in 2018
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%...
Mining Feb 24, 2019 Rapaport News
Lucara
Lucara Recovers 223ct. Diamond at Karowe
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...
Mining Feb 20, 2019 Rapaport News
Lucara 240ct 150
Lucara Unearths 240ct. Rough at Karowe
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...
Mining Jan 28, 2019 Rapaport News
Lucara
Lucara Finds Additional Resources at Karowe
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,...
Mining Jan 27, 2019 Rapaport News
Lucara 127ct
Lucara Unearths 127ct. Diamond
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...
Mining Jan 13, 2019 Rapaport News
Lucara Karowe sorting
Lucara Completes First Sale on Clara Platform
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...
Rough Markets Jan 08, 2019 Rapaport News
Lucara
Lucara Lifts Production Outlook
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...
Mining Nov 11, 2018 Rapaport News
Lucara Clara
Lucara to Hold Debut Sale on Clara Platform
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...
Mining Oct 22, 2018 Rapaport News
Lucara
Lucara, Sarine Partner for Rough Program
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...
Mining Aug 21, 2018 Rapaport News
Lucara 150
Lucara Raises Large-Stone Forecast at Karowe
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...
Mining Jul 01, 2018 Rapaport News
Lucara 150
Lucara Sells Two Huge Diamonds at $32M Tender
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...
Mining Jun 20, 2018 Rapaport News
Karowe Mine 150
Lucara Hires Strategy Executive
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....
Mining Jun 17, 2018 Rapaport News
Lucara 150
Karowe Firm Gets First Female Boss
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,...
Mining May 02, 2018 Rapaport News
Lucara 150
Lucara Unearths 472ct. Rough Stone
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...
Mining Apr 15, 2018 Rapaport News
Lucara 032518 150
Ex-Stornoway Exec Becomes Lucara CFO
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...
Mining Mar 25, 2018 Rapaport News
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