Industry News

September 29, 2019

Lucara Diamond Corp. today announced the recovery of an exceptional blue, 9.74-carat gem-quality diamond from its Karowe Diamond Mine in Botswana. 

The mining company also showcased a newly discovered 4.13-carat pink, gem-quality diamond from the same mine. 

"Lucara is e...

September 22, 2019

Lucara Diamond Corp. has recovered a 123-carat, type II rough and a 375-carat, gem-quality stone from the high-value portion of its Karowe mine in Botswana, it said Wednesday.

Including the two diamonds, the company has unearthed 29 diamonds over 100 carats, including...

September 18, 2019

Lucara Diamond Corp. has recovered a 123-carat, gem-quality top white Type II diamond from the Karowe Diamond Mine in Botswana. So far this year, Karowe has yielded 22 diamonds larger than 100 carats, with six stone exceeding 200 carats. 

The mine also yielded the 1,758...

August 21, 2019

During Q2 of 2019, Lucara's revenue totaled $42.5 million, realizing $417 per carat. This constitutes a drop of 35 percent compared to $64.5 million realized in the second quarter of 2018, when the price per carat sold stood at $856 per carat. Lucara stated the sales f...

August 11, 2019

Lucara Diamond Corp.’s profit fell in the second quarter amid 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 June 30, compared with $19.7 million during...

July 24, 2019

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. It was the winning entry from more than 22,000 subm...

July 3, 2019

The Minerals Development Company Botswana (MDCB) is currently conducting due diligence on a possible stake in Lucara Diamond, which owns the Karowe Mine. 

This comes after Botswana President Mokgweetsi Masisi said last month that he had proposed for Lucara to allow Gab...

June 17, 2019

Lucara Diamond Corporation, which recently recovered a 1,758-carat diamond at its Karowe mine in Botswana, is considering the best way to sell the world’s second largest diamond in modern history. 

BusinessWeek cited company managing director, Naseem Lahri as saying th...

May 13, 2019

Lucara Diamond Corp.’s revenue nearly doubled in the first quarter, 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 increased 50% to 95,057 carats. The average selling p...

May 8, 2019

Lucara Diamond is targeting to get $1.5 billion transacted through its wholly-owned digital sales platform, Clara Diamond Solutions, according to a report. 

It launched the platform after a series of trials that saw sales achieving over 8% of its market price, accordin...

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