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Lucara Ends Second Quarter at a Loss
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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...
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Mining
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Aug 11, 2020
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Rapaport News
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Eira Thomas Confident Lucara Can Navigate Crisis
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The diamond mining sector has been hard hit by the coronavirus crisis. There has been a significant drop in demand — when rough sales could even take place — forcing miners to reconsider their production programs...
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Mining
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Jun 22, 2020
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Avi Krawitz
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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 May Struggle to Hold Botswana Sales
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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...
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Rough Markets
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Apr 01, 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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Karowe Yields Massive 549ct. Rough
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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...
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Mining
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Feb 06, 2020
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Rapaport News
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Louis Vuitton Buys 1,758ct. Diamond from Lucara
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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...
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Rough Markets
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Jan 16, 2020
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Rapaport News
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Lucara Tender Beats Expectations
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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,...
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Mining
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Dec 19, 2019
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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 Rare Blue and Pink Diamonds
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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...
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Mining
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Oct 02, 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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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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Karowe Mine Yields 1,758ct. Diamond
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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...
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Mining
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Apr 28, 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 Recovers 223ct. Diamond at Karowe
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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...
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Mining
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Feb 20, 2019
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Rapaport News
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Lucara Unearths 240ct. Rough at Karowe
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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...
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Mining
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Jan 28, 2019
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Rapaport News
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Lucara Finds Additional Resources at Karowe
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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,...
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Mining
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Jan 27, 2019
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Rapaport News
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Lucara Unearths 127ct. Diamond
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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...
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Mining
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Jan 13, 2019
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Rapaport News
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Lucara Completes First Sale on Clara Platform
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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...
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Rough Markets
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Jan 08, 2019
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Rapaport News
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Lucara Lifts Production Outlook
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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...
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Mining
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Nov 11, 2018
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Rapaport News
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