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Road to Recovery 150
Where Do We Go from Here?
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...
Polished Markets Jun 21, 2020 Avi Krawitz
Graff Hong Kong
Graff Hong Kong to Display Lesedi Polished
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...
Retail Dec 02, 2018 Rapaport News
Lesedi La Rona
Lucara Mulls Lesedi La Rona Partnership
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...
Mining Aug 09, 2017 Rapaport News
Lucara's Revenue -10%, Profit +18% in 1Q
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...
Mining May 12, 2015 Jeff Miller
Karowe diamonds
Lucara Sets Top Revenue Target at $240M for 2015
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,...
Mining Dec 09, 2014 Jeff Miller
Lucara Diamond
Lucara Diamond's 1Q Revenue Flat, Profit -18%
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...
Rough Markets May 08, 2014 Jeff Miller
Lucara's Profit Surges to $65M, Closes FY Debt Free
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....
Mining Feb 20, 2014 Jeff Miller
Lucara Diamond
Court Dismisses Royalty Claim Against Lucara
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...
Financial-Legal Feb 07, 2014 Jeff Miller
Lucara rare blue
Lucara Sells Rare Blue Diamond for Nearly $5M
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...
Rough Markets Nov 27, 2012 Dilipp S Nag
Lucara Diamond
Lucara Diamond Widens 2Q Loss to $8M
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...
Mining Aug 12, 2012 Avi Krawitz
Lucara Diamond
Lucara Secures Credit Facility for Karowe Mine
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...
Mining Feb 23, 2012 Deena Taylor
Letseng Mine
Gem Diamonds Confirms Merger Talks With Lucara
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...
Mining Mar 21, 2011 Avi Krawitz
Lucara Diamond
Lucara Raises $60M to Develop AK6 and Mothae
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...
Mining Feb 15, 2011 Deena Taylor
Botswana Diamonds to List on AIM in January
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...
Mining Nov 28, 2010 Avi Krawitz
AK6 small
Lucara to Acquire African Diamonds for $80M
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...
Mining Oct 04, 2010 Deena Taylor
Rapaport TradeWire July 9, 2010
RAPAPORT NEWS SERVICE | JULY 9, 2010 www.rapaport.com | news@rapaport.com...
Mining Jul 08, 2010 Rapaport
Rapaport Weekly Market Report 07/02/2010
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...
Research Jul 02, 2010 Avi Krawitz
Rapaport TradeWire July 2, 2010
RAPAPORT NEWS SERVICE | JULY 2, 2010 www.rapaport.com | news@rapaport.com
Mining Jul 01, 2010 Rapaport
Lucara, Botswana Form Marketing Arrangement
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,...
Mining Jun 29, 2010 Jeff Miller
Rapaport TradeWire June 25, 2010
RAPAPORT NEWS SERVICE | JUNE 25, 2010 www.rapaport.com | news@rapaport.com...
Retail Jun 24, 2010 Rapaport
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