Lucara News

This is the 54th diamond greater than 200 carats to be recovered from Karowe

This is the second +500 carat diamond recovered from Karowe in 2020

Lucara’s revenue exceeded its guidance for the year, estimated at $170-$180 million

The stone is an unbroken 549 carat white diamond of exceptional purity”

Lucara and its partners plan create a collection of fine jewellery out of the huge diamond

The December tender puts Lucara's 2019 revenue at $192.5 million

The underground diamond resource is estimated at 8.3 million carats

Lucara found an exceptional blue 9.74 carat gem and a 4.13 carat pink gem quality diamond

Year to date, Karowe has yielded 29 diamonds greater than 100 carats

The 1,758-carat "near-gem" is the largest diamond recovered in Botswana

The stone was part of one large piece of rough "weighing at least 2,774 carats"

The collection includes jewelry pieces ranging from less than a carat to over 100 carats

Lucara’s revenue went down to $45.7 million and its net income totaled $5.1 million

The Clara Initiative proposes to sell diamonds directly to jewelry manufacturers via a digital platform

The drop due to smaller volume and lower average price of stones sold

The tender included ten diamonds ranging from 40.4 to 472.37 carats

Net loss for the period was $7.0 million as compared to a loss of $1.5 million last year

Naseem Lahri is the new MD of Lucara’s Boteti Mining, which owns the Karowe diamond mine