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Lucara Sethunya 150
Louis Vuitton Buys 549ct. Rough from Lucara
Lucara Diamond Corp. has sold a 549-carat diamond to Louis Vuitton through a partnership that will see the luxury retailer craft bespoke pieces to match client requests. “In line with their long tradition of personalization,...
Mining Nov 05, 2020 Rapaport News
Oded Mansori
HB Antwerp Aims to Shake Up Large-Stone Market
It’s not often a newcomer sweeps in to buy the largest diamond available on the market. Such deals are usually reserved for high-end jewelers such as Graff, Moussaieff, Harry Winston, or even large-scale retailers like Chow...
Manufacturing Sep 17, 2020 Joshua Freedman
Lucara sorters 150
Lucara Ends Second Quarter at a Loss
Lucara Diamond Corp. reported a loss for the second quarter amid weaker demand and a planned halt on regular tenders of large stones from its Karowe mine.The company recorded a net loss of $13.9 million for...
Mining Aug 11, 2020 Rapaport News
Lucara
Antwerp Cutter to Buy All Lucara’s Large Stones
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...
Mining Jul 16, 2020 Rapaport News
Sarine Lucara 150
Sarine to Provide ‘Birth Certificate’ for Lucara Rough
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...
Technology Jun 28, 2020 Rapaport News
Lucara
Lucara Hopeful of Second-Half Rebound
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,...
Mining May 10, 2020 Rapaport News
Karowe
Lucara May Struggle to Hold Botswana Sales
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...
Rough Markets Apr 01, 2020 Rapaport News
Miners coronavirus
Production Continues as Miners Fight Virus Impact
Alrosa, Petra Diamonds and Lucara Diamond Corp. are among the companies putting special procedures in place in preparation for a possible coronavirus outbreak, while still continuing operations at their mines.Alrosa, which has not had...
Mining Mar 19, 2020 Leah Meirovich
Lucara
Lucara Revenue Beats Expectations
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...
Mining Feb 24, 2020 Rapaport News
Lucara
Karowe Yields Massive 549ct. Rough
Lucara Diamond Corp. has unearthed a 549-carat white diamond at its Karowe mine, the fourth-largest stone in the history of the Botswana deposit.The unbroken stone, which is of “exceptional purity,” is the first large diamond Lucara has...
Mining Feb 06, 2020 Rapaport News
Sewelo diamond
Louis Vuitton Buys 1,758ct. Diamond from Lucara
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...
Rough Markets Jan 16, 2020 Rapaport News
Top Diamonds of 2019
Diamonds That Created a Buzz in 2019
It was another big year for big diamonds, with several stones that raked in big bucks, set records, or otherwise made headlines. These were the stones that caught our attention in 2019.Biggest money makers1....
Polished Markets Dec 31, 2019 Leah Meirovich
The Next Diamond Decade
The Next Diamond Decade
It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what...
Polished Markets Dec 25, 2019 Avi Krawitz
Lucara
Lucara Tender Beats Expectations
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,...
Mining Dec 19, 2019 Rapaport News
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 Rare Blue and Pink Diamonds
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...
Mining Oct 02, 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 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
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