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Where Do We Go from Here?
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The coronavirus pandemic has impacted every part of the diamond supply chain. As markets reopen with the virus still lingering, there is a consensus that a new normal has been established, even as it continues to evolve. The...
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Polished Markets
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Jun 21, 2020
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Avi Krawitz
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Graff Hong Kong to Display Lesedi Polished
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Graff will present a selection of flawless polishedstones from the 1,109-carat Lesedi La Rona at its new Hong Kong boutique. Graff purchased the D-color diamond — the second-largest rough in history— from Lucara Diamond Corp. for...
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Retail
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Dec 02, 2018
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Rapaport News
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Lucara Mulls Lesedi La Rona Partnership
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Lucara Diamond Corp. could enter into a partnership to sell the Lesedi La Rona diamond having failed to secure abuyer in the time frame the company had planned.If no one purchases the stone in thenext six to eight...
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Mining
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Aug 09, 2017
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Rapaport News
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Lucara's Revenue -10%, Profit +18% in 1Q
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Lucara Diamond Corp. reported that its revenue fell 9.8 percent year on year to $29.6 million in the first quarter that ended on March 31. The average price for rough diamonds sold during the...
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Mining
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May 12, 2015
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Jeff Miller
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Lucara Sets Top Revenue Target at $240M for 2015
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Lucara Diamond Corp. anticipates revenue of between $230 million and $240 million from the sale of 400,000 to 420,000 carats of rough diamonds in 2015, according to the company's outlook. Lucara recorded revenue of $180.5 million in 2013,...
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Mining
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Dec 09, 2014
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Jeff Miller
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Lucara Diamond's 1Q Revenue Flat, Profit -18%
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Lucara Diamond Corporation reported revenue of $32.8 million in the first quarter that ended on March 31, which was unchanged from one year earlier. However, the average price per carat for the rough...
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Rough Markets
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May 08, 2014
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Jeff Miller
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Lucara's Profit Surges to $65M, Closes FY Debt Free
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Lucara Diamond Corp. reported fiscal-year revenue of $180.5 million in 2013, up from only $41.8 million in 2012. Rough sales achieved an average price of $411 per carat, while operating expenses totaled only $100 per carat....
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Mining
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Feb 20, 2014
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Jeff Miller
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Court Dismisses Royalty Claim Against Lucara
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Lucara Diamond Corporation confirmed that Botswana's Court of Appeals today upheld the High Court's dismissal of a royalty claim against the mining company's subsidiary, African Diamonds Plc. Lucara was taken to court in August 2011...
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Financial-Legal
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Feb 07, 2014
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Jeff Miller
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Lucara Sells Rare Blue Diamond for Nearly $5M
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Lucara Diamond Corp. sold a 9.46-carat blue diamond for $4.5 million, or $477,272 per carat, at its recent sale of goods from the Karowe diamond mine in Botswana.The diamond was the top lot at Lucara’s recent...
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Rough Markets
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Nov 27, 2012
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Dilipp S Nag
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Lucara Diamond Widens 2Q Loss to $8M
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Lucara Diamond Corporation widened its loss in the second quarter of 2012 and lowered its sales outlook for the rest of the year. The junior mining company reported a loss of $7.6 million for the...
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Mining
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Aug 12, 2012
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Avi Krawitz
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Lucara Secures Credit Facility for Karowe Mine
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Lucara Diamond Corp. has secured a $25 million credit facility from The Bank of Nova Scotia. The funds will be used to finance ongoing operations at the Karowe Mine in Botswana, the company stated.William Lamb, Lucara's...
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Mining
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Feb 23, 2012
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Deena Taylor
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Gem Diamonds Confirms Merger Talks With Lucara
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Gem Diamonds confirmed on Monday that it is in preliminary talks to merge with Lucara Diamond Corp. “Gem Diamonds continues to monitor potential value enhancing opportunities outside of its current asset portfolio and these preliminary discussions represent...
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Mining
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Mar 21, 2011
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Avi Krawitz
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Lucara Raises $60M to Develop AK6 and Mothae
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Lucara Diamond Corporation raised $60 million through a private placement, the company reported. Proceeds from the placement will be used towards the development of the AK6 diamond mine in Botswana and Lucara's Mothae mine...
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Mining
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Feb 15, 2011
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Deena Taylor
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Botswana Diamonds to List on AIM in January
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Botswana Diamonds expects to list on London’s Alternative Investment Market (AIM) in January 2011, company chairman John Teeling said. The listing is part Lucara Diamond’s agreement to takeover African Diamonds (AFD), which is expected to close in early January. Under the deal, Lucara gained full control of Botswana’s AK6...
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Mining
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Nov 28, 2010
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Avi Krawitz
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Lucara to Acquire African Diamonds for $80M
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Lucara Diamond Corp has agreed to buy African Diamonds (AFD) for $80.1 million in a deal that will allow both companies to benefit from the AK6 diamond deposit in Botswana.According to the agreement, shareholders will get...
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Mining
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Oct 04, 2010
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Deena Taylor
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Mining
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Jul 08, 2010
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Rapaport
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Rapaport Weekly Market Report 07/02/2010
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Between the LinesShow Time: Prices in Hong Kong Rise, But Not to the Level of Cutting CentersThere were mixed reports from the June Hong Kong Jewellery & Gem Fair 2010, with the overall feeling being that sales there improved against last year. Buying...
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Research
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Jul 02, 2010
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Avi Krawitz
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Mining
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Jul 01, 2010
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Rapaport
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Lucara, Botswana Form Marketing Arrangement
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Lucara Diamond and its partner African Diamonds completed a marketing arrangement with Botswana through their joint-venture company, Boteti, wherein production from the AK6 project may be sold through either open tender or exclusive contract. Lucara, the AK6 project operator, holds a 60 percent interest in Boteti,...
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Mining
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Jun 29, 2010
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Jeff Miller
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Retail
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Jun 24, 2010
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Rapaport
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