Lucara Diamond Mining News

Lucara considering partnership to sell 1,000+ carat rough diamond

The company that unearthed the world's second-largest diamond but has so far failed to sell it, is mulling a partnership to sell the giant stone if a buyers is not found within the next six to eight weeks.

Lucara Diamond lowers output target for the year, but pays divvy

The Canadian diamond miner now expects to produce between 265,000 carats and 285,000 carats, compared with the previously targeted 290,000-310,000 carats.

World's second-largest diamond 'too big' to sell

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Lucara gets almost $18M for fragment of its massive ‘Lesedi La Rona’ diamond

The 373.7-carat diamond, sold during the Vancouver-based miner’s $54.8 million recent tender, was one of 15 large and high value diamonds offered by the company.

Lucara disappoints with lower first-quarter revenues

Quarterly revenues were about half of the revenues posted in the year-ago quarter.

Sierra Leone pastor unearths one of the 20 largest diamonds ever found

Emmanuel Momoh found the 706-carat diamond in Sierra Leone's Kono district.

Diamond producers go after Millennials with Oscars-time spot

The target group was the the top diamond consumer in 2015, a year in which most commodities plummeted, hitting the mining industry very hard.

Lucapa adds Motahe project in Lesotho to portfolio, shares jump

The project, which has existing infrastructure, a camp and a diamond processing plant in place, is located just 5km from Letšeng, the highest dollars-per-carat kimberlite diamond mine in the world.

Lucara fetches $38.7 million in second exceptional diamond tender of 2016

Lucara Diamond Corp. is pleased to announce excellent results from its second Exceptional Stone Tender of 2016.

Swiss jeweller buys rights to $63M Constellation diamond 

The world's most expensive rough diamond is now in the hands of De Grisogono, a Swiss luxury jeweller and watch maker.

Botswana’s economy needs more than diamonds to shine

The history of the diamond industry in Africa has been fraught with worker exploitation, environmental destruction, government corruption and squandering of revenues.

Despite the hype world’s second-largest diamond ever found fails to sell

Canada's Lucara Diamond, the company that found the massive gem, said it will keep it as bids fell short of the minimum reserve price.

World’s largest diamond found in 100 years goes under the hammer

CEO of Lucara Diamond, the company that found it, is urging the potential buyer to leave it untouched.

World’s largest diamond found in 100 years could fetch over $70M

The three-billion-year-old diamond the size of a tennis ball was found by Canada's Lucara Diamond last year.

Lucara’s Constellation diamond sells for record $63 million

The record sale is likely to ramp up speculation about how much a second Lucara diamond — the "Lesedi la Rona" — will fetch at auction next month.

World’s second-largest diamond ever found could fetch over $70M

The rock, known as “Lesedi La Rona”, was unearthed in November in Botswana at a mine owned by Canada's Lucara Diamond.

Lucara revenues for first exceptional tender exceed US$51 million

The 10 diamonds, found at the Karowe mine in Botswana, were sold for gross revenues of $33,632 per carat.

World's second-largest diamond to go under the hammer uncut

The rock, discovered by Lucara in Botswana last year, is second in size only to the Cullinan diamond in the British Crown jewels.

World’s second-largest diamond ever found named ‘Our Light’

Canada's Lucara Diamond had launched a a competition to name the rock earlier this year.

‘Are you sitting down’ – Lucara CEO recounts 1,111 carat diamond news

‘Congratulations – you are the CEO of the first company in 100 years to recover a stone over 1,000 carats.’

Paragon Diamonds halts trading on capital, financial position woes

The Africa-focused miner needs funding to complete the acquisition of the Mothae project and to repay short-term debts, including £500,000 due this week.

Lucara generates strong quarterly cash flow, operating margins

Lucara Diamond Corp. is pleased to report revenues of $90.9 million for the quarter with an operating margin of 88% and revenues of $158.6 million for the nine months to September 2015.

Paragon Diamonds shines bright on better-than-expected results for Mothae

Shares in the Africa-focused diamond miner climbed almost 6% after it revealed the Mothae kimberlite project in Lesotho may be more profitable than previously assumed.

Lucara Diamond to host second stone tender in November

Since the recovery of the first large diamond from the Karowe mine in 2013, Lucara has found 216 gems, which it has sold for more than $250,000 each.