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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 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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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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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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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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Ex-Lucara CEO Joins Mountain Province Board
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Mountain Province has added three industry veterans to itsboard, including William Lamb, the former head of Lucara Diamond Corp., it saidMonday. Lamb has more than 25 years of experience in miningoperations and project development. He served as CEO...
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Mining
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May 06, 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, 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 Sees Revenue Drop in First Quarter
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Lucara Diamond Corp. recorded a loss in the first quarter aslower production and a drop in the average price led to a decline insales. Revenue fell 3% year on year to $25.4 million for the threemonths ending March 31,...
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Mining
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May 09, 2018
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Rapaport News
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Pangolin Acquires Former De Beers Mine
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Pangolin Diamonds has signed an agreement to acquire a minein Botswana, the company said last week.Pangolin has bought a 51% stake in the AK10 diamond asset,located in the Orapa kimberlite field in the Central District. Under the...
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Mining
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Apr 09, 2018
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Rapaport News
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Lucara Names Eira Thomas as CEO
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Eira Thomas has taken over as CEO of Lucara Diamond Corp,replacing William Lamb, the miner said Sunday.Thomas (pictured), who has worked in the mining industry for 25 years, is a founder and director of Lucara, and a cofounder...
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Mining
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Feb 26, 2018
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Rapaport News
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Lack of Large Diamonds Dents Lucara Sales
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Lucara Diamond Corp’s revenue and profit fell in 2017, assales of exceptional diamonds and overall production at its Karowe mine slumpedduring the year. Revenue for 2017 dropped 25% to $220.8 million, with thevolume of goods...
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Mining
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Feb 21, 2018
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Rapaport News
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374ct. Diamond Fragment Fetches $17.5M
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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,...
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Mining
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May 14, 2017
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Rapaport News
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Drop in Large Diamonds Impacts Lucara Sales
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Lucara Diamond Corp’s rough sales fell in the first quarteras the miner shifted production to lower-grade stockpiles and recovered fewerlarge diamonds.Revenue slumped 48% to $26.1 million with the average selling price down 38%...
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Mining
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May 03, 2017
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Rapaport News
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Lucapa Buys Lesotho Diamond Mine
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Lucapa Diamond Company acquired the Mothae mine in Lesotho for $9million, saying the resource that was abandoned by Lucara Diamond Corp in 2015will complement its other operations.“There’s only onething better than owning one...
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Mining
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Jan 31, 2017
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Rapaport News
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Lucara Sells 224ct. Rough for $11M
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Lucara Diamond Corp garnered $38.7 million at its exceptionalrough sale this week, boosted by a 224.5 carat stone recovered from the Karowemine.The type-IIa diamond fetched $11.1 million, or $49,497 percarat, the highest value per...
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Mining
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Nov 17, 2016
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Rapaport News
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Lucara Invests to Improve Small Diamond Recovery
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Lucara Diamond Corp. will increase the use of X-raytechnology (XRT) to target smaller size diamonds, after usingthe equipment to successfully recover exceptional stones such as the 1,109-carat Lesedi LaRona.The company will introduce four new...
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Mining
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Aug 24, 2016
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Rapaport News
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