Lucara Diamond Corporation has officially named its extraordinary 2,488-carat diamond, discovered in August at the Karowe mine in Botswana. The gem, now known as Motswedi, holds the title of the world’s second-largest diamond ever unearthed. The name Motswedi, meaning “a water spring” or “flowing underground water that emerges to sustain life,” was chosen from over […]

The post Lucara Unveils the Name of the World’s Second Largest Diamond appeared first on The Jewelry Magazine.

Lucara has announced another huge diamond – a 692.3-ct Type IIa high white gem – just two weeks after the recovery of a 1,080-ct stone. Both are from the Karowe mine, in Botswana, which the Canadian miner has operated since 2012. Lucara says the diamond measure 46.5mm x 40.7mm x 28.4 mm. It is the […]

The post Yet Another Huge Diamond Recovered at Karowe appeared first on The Jewelry Magazine.

Lucara Diamond Corp. said it expects an increase in revenue in 2020, with estimates of $180-$210 million. In 2019, total revenue is expected to be between $170-$180 million, according to a recent change in guidance released by the company. However, despite the anticipated increase in revenue, Lucara has reduced its predicted sales – down to […]

The post Lucara Forecasts Increased Revenue in 2020 appeared first on The Jewelry Magazine.

Announcing its results for the quarter ended September 30, 2019 (Q3 2019) Lucara Diamond Corp. reported total revenue of US$45.3 million for the period against revenue of US$45.7 million recorded Q3 2018. This was raised from the sale of 116,200 carats of rough diamonds as compared to the sale of 101,600 carats of rough diamonds […]

The post Lucara Records Net Loss of US$4 Mn for Q3 2019 On the Back of Flat Revenue Y-o-Y appeared first on The Jewelry Magazine.