OTHER

Lucara finds coloured diamonds in Botswana

Lucara Diamonds has made two significant finds at its Karowe mine in Botswana

Staff reporter

This article is 6 years old. Images might not display.

Lucara said the finds "have the potential to contribute meaningful value to our regular production of large, high value type 2a diamonds. We look forward to offering these diamonds in our fourth quarter tender to be held in December 2019".

The Karowe mind yielded Lucara's largest find to date in April: a 1,758ct near gem of variable quality.

Like other diamond producers, Lucara's revenue has fallen in 2019, with weak demand and an excess supply of polished diamonds creating a difficult environment. Lucara's revenue in Q2 stood at $42.5 million, down 34% year on year.

Shares in the Toronto-listed company have almost halved in value since October 2018. The company's shares were trading at CAD$1.12 on Thursday.

 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.