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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
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 1758ct. 150 new
Lucara Names 1,758ct. Diamond ‘Rare Find’
Botswana’s largest rough diamond now has a name, following a public contest held by Lucara Diamond Corp. The company chose to call the 1,758-carat stone Sewelô, which means “rare find” in the local Setswana language....
Mining Jul 21, 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
Mountain Province
Ex-Lucara CEO Joins Mountain Province Board
Mountain Province has added three industry veterans to itsboard, including William Lamb, the former head of Lucara Diamond Corp., it saidMonday. Lamb has more than 25 years of experience in miningoperations and project development. He served as CEO...
Mining May 06, 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, Sarine Partner for Rough Program
Sarine Technologies will provide digital services for LucaraDiamond Corp.’s new rough-sales platform, allowing customers to obtain diamondswith the exact specifications they require. Under the agreement, rough stones will undergo Sarine’sGalaxy inclusion...
Mining Aug 21, 2018 Rapaport News
Lucara 150
Lucara Raises Large-Stone Forecast at Karowe
Lucara Diamond Corp. will focus on the high-value section ofits Karowe mine that produced the 1,109-carat Lesedi La Rona, after a surveyindicated the area contained more large stones than previously predicted. A sample of 13,562...
Mining Jul 01, 2018 Rapaport News
Lucara sorting
Lucara Sees Revenue Drop in First Quarter
Lucara Diamond Corp. recorded a loss in the first quarter aslower production and a drop in the average price led to a decline insales. Revenue fell 3% year on year to $25.4 million for the threemonths ending March 31,...
Mining May 09, 2018 Rapaport News
Gareth Penny 150
Pangolin Acquires Former De Beers Mine
Pangolin Diamonds has signed an agreement to acquire a minein Botswana, the company said last week.Pangolin has bought a 51% stake in the AK10 diamond asset,located in the Orapa kimberlite field in the Central District. Under the...
Mining Apr 09, 2018 Rapaport News
Lucara Names New CEO 150
Lucara Names Eira Thomas as CEO
Eira Thomas has taken over as CEO of Lucara Diamond Corp,replacing William Lamb, the miner said Sunday.Thomas (pictured), who has worked in the mining industry for 25 years, is a founder and director of Lucara, and a cofounder...
Mining Feb 26, 2018 Rapaport News
Lesedi La Rona Sotheby's
Lack of Large Diamonds Dents Lucara Sales
Lucara Diamond Corp’s revenue and profit fell in 2017, assales of exceptional diamonds and overall production at its Karowe mine slumpedduring the year. Revenue for 2017 dropped 25% to $220.8 million, with thevolume of goods...
Mining Feb 21, 2018 Rapaport News
Lucara 374 carats
374ct. Diamond Fragment Fetches $17.5M
Lucara Diamond Corporation has sold a stone that was originally part of the second-largest rough diamond in history for $17.5 million.The 373.72-carat rough, which broke off the Lesedi La Rona diamond during theproduction process,...
Mining May 14, 2017 Rapaport News
Karowe mine Lucara
Drop in Large Diamonds Impacts Lucara Sales
Lucara Diamond Corp’s rough sales fell in the first quarteras the miner shifted production to lower-grade stockpiles and recovered fewerlarge diamonds.Revenue slumped 48% to $26.1 million with the average selling price down 38%...
Mining May 03, 2017 Rapaport News
Mothae mine Lucapa
Lucapa Buys Lesotho Diamond Mine
Lucapa Diamond Company acquired the Mothae mine in Lesotho for $9million, saying the resource that was abandoned by Lucara Diamond Corp in 2015will complement its other operations.“There’s only onething better than owning one...
Mining Jan 31, 2017 Rapaport News
Lucara 224.5ct. rough November 2016
Lucara Sells 224ct. Rough for $11M
Lucara Diamond Corp garnered $38.7 million at its exceptionalrough sale this week, boosted by a 224.5 carat stone recovered from the Karowemine.The type-IIa diamond fetched $11.1 million, or $49,497 percarat, the highest value per...
Mining Nov 17, 2016 Rapaport News
William Lamb
Lucara Invests to Improve Small Diamond Recovery
Lucara Diamond Corp. will increase the use of X-raytechnology (XRT) to target smaller size diamonds, after usingthe equipment to successfully recover exceptional stones such as the 1,109-carat Lesedi LaRona.The company will introduce four new...
Mining Aug 24, 2016 Rapaport News
Lucara 813 carats
Lucara Sells 813ct. Rough Diamond for Record Price
Lucara Diamond Corp. broke a world record for the sale of arough diamond as an 812.77-carat stone from its Karowe mine in Botswana fetched$63.1 million. Dubai-based Nemesis International DMCC paid $77,649 percarat for the rights...
Rough Markets May 09, 2016 Rapaport News
Lesedi La Rona Sotheby's
Lesedi La Rona Diamond Assigned $70M+ Auction Price Tag
The world’s second-largest gem-quality rough diamond inhistory is expected to fetch “in excess of” $70 million at a Sotheby’s auctionlater this year.The 1,109-carat Lesedi La Rona, mined by LucaraDiamond Corp. last November, will go under the hammer...
Rough Markets May 04, 2016 Rapaport News
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