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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
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
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
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