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Lucara
Lucara Predicts Rise in Revenue for 2020
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...
Mining Dec 01, 2019 Rapaport News
Lucara
Lucara Posts Loss in Third Quarter
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...
Mining Nov 05, 2019 Rapaport News
Lucara
Karowe Yields Two Massive Stones
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...
Mining Sep 19, 2019 Rapaport News
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
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
Graff
Graff Cuts 302ct. Diamond from Lesedi La Rona
Graff has unveiled the 67 polished stones it cut from the 1,109-carat Lesedi La Rona, including a record-breaking 302-carat diamond.The jeweler has named the square emerald-cut, 302.37-carat, D-color diamond the Graff Lesedi La Rona. It has...
Polished Markets Apr 10, 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 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
Composite Top 10 Diamonds 150
The Biggest and Priciest Diamonds of 2018
As the year comes to a close, Rapaport News takes alook back at the largest rough stones miners unearthed in 2018, and thediamonds that fetched the highest prices at auction.Colossal findsThe 910-carat Lesotho Legend, which Gem...
Polished Markets Dec 27, 2018 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 150
Lack of Top-Quality Diamonds Hits Lucara
Lucara Diamond Corp.’s sales and profit fell in the secondquarter amid lower-quality production from its Karowe mine and a drop in the averageprice. Revenue declined 19% year on year to $64.5 million for thethree months...
Mining Aug 09, 2018 Rapaport News
Lucara 150
Lucara Recovers 327ct. Rough Stone
Lucara Diamond Corp. has unearthed a 327-carat rough diamondfrom its Karowe mine in Botswana. The high-color white diamond is the eighth over 100 carats that Lucara has found this year, and the ninth...
Mining Apr 29, 2018 Rapaport News
Karowe mine Lucara
Lucara Foresees Improvement at Karowe
Lucara Diamond Corp. is predicting a rise in rough-diamond production andsales next year due to increased mining in the higher-value section of itsKarowe mine.Revenue should be between $170 million and $200 million in2018, the miner said last...
Mining Dec 03, 2017 Rapaport News
Lesedi La Rona
Lesedi La Rona Boosts Lucara Sales
Lucara Diamond Corp.’s revenue more than doubled in thethird quarter as it sold the 1,109-carat Lesedi La Rona rough diamond, theminer reported Thursday.Sales came to $77.9 million in the three months that endedSeptember 30, up from $38.1...
Mining Nov 05, 2017 Rapaport News
Lesedi La Rona
Graff Buys Iconic 1,109ct. Diamond for $53M
Lucara Diamond Corp. has sold the 1,109-carat Lesedi La Ronato Graff Diamonds for $53 million — a price well below what the miner initiallywanted for the record-breaking stone.Graff spent $47,777 per carat on the...
Rough Markets Sep 26, 2017 Rapaport News
Lucara Karowe sorters 600
Lucara Supports Botswana’s Rough-Buying Bid
Lucara Diamond Corp., which discovered the 1,109-carat LesediLa Rona almost two years ago, said a proposed law giving the Botswanagovernment priority to buy large rough diamonds would not affect the company.A draft...
Mining Sep 25, 2017 Rapaport News
Lucara 374 carats
374ct. Diamond Fragment Fetches $17.5M
Lucara Diamond Corporation has sold a stone that was originally part of the second-largest rough diamond in history for $17.5 million.The 373.72-carat rough, which broke off the Lesedi La Rona diamond during theproduction process,...
Mining May 14, 2017 Rapaport News
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