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Lucara to Hold Debut Sale on Clara Platform

Digital system will complement miner’s existing tenders.
Oct 22, 2018 9:31 AM   By Rapaport News
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RAPAPORT...
 Lucara Diamond Corp. will launch its first sale in November using its new digital platform that allows customers to obtain the exact rough diamonds they need, it said Monday.

The miner will upload a variety of diamonds to its Clara system, including stones from its Karowe mine in Botswana. It will also offer rough from other sellers, ranging from 1 to 15 carats in higher color grades and qualities. A small number of buyers that have signed up for the program — including diamond manufacturers and jewelers — will then input their polished-diamond requirements into the system, which Clara will run through a matching cycle.

“After several months of intense commercialization efforts, which are tracking on schedule and under budget, we are excited to be moving forward with our first sale,” said Lucara CEO Eira Thomas. “Clara is a scalable business solution for the entire diamond industry that is long overdue and necessary to modernize, streamline and increase consumer confidence in the marketplace.”

The miner acquired the digital-sales platform in February, at the same time that Clara shareholder Eira Thomas became CEO at Lucara. In August, the company partnered with Sarine Technologies to provide tracking solutions for stones on the platform using Sarine’s Galaxy inclusion mapping, which creates a digital fingerprint containing information about a diamond’s attributes.

Lucara will continue to sell diamonds through its regular tenders as well, with Clara supplementing those sales.

The miner will use feedback from initial Clara participants to improve the system, after which it will open the platform to other producers and manufacturers.

Image: Karowe mine, Botswana. (Lucara Diamond Corp.)
Tags: Clara, Eira Thomas, Galaxy, Karowe mine, lucara, Lucara Diamond Corp., Rapaport News, Sarine Technologies
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