Lucara Diamond

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Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration licenses in Botswana. The Karowe Mine has an annual production of approximately 380,000 carats of gem quality (including Type IIa) diamonds, and generates revenues greater than US $220 million per year. The Company recently made diamond history through the recovery of Lesedi La Rona an exceptionally beautiful, gem quality 1,109 carat white Type IIa diamond. This diamond is the second largest diamond ever recovered in the world and the largest ever found in Botswana.

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Stock Market Listing: Toronto [TSX:LUC]
Botswana [BSE:LUC]
Bloomberg Tickers: LUC:CN LUC:SS


2016 Year End Presentation  16 Feb 2017
2016 H1 Presentation Aug 2016
More Lucara presentations:

Sustainability Reports

2016 Sustainability Report June 2017
2015 Sustainability Report May 2016
GRI G4 Content Index May 2016
More info on Lucara’s Social Responsibility programme

Annual/Quarterly Reports

Financial year ends 31 December

2017Q1 Results  2 May 2017
2016 Annual Report 16 Feb 2017
2015 Annual Report 23 Feb 2016

See also quarterly financial data in the production reports section.

Production Reports

2016 Q4 report 2016 Q4
More info Quarterly production updates


Lucara’s 100% owned Karowe Mine is a newly constructed state-of-the-art mine which was fully commissioned in Q2 2012. The Karowe Mine is a large scale asset with tonnage and throughput upside and production has consistently included large, Type IIA. The 1,109 carat gem quality, Type IIa diamond originated from the south lobe of Lucara's Karowe Mine. This diamond is the world's second largest gem quality diamond ever recovered and the largest ever to be recovered through a modern processing facility. The stone was recovered by the newly installed Large Diamond Recovery ("LDR") XRT machines.

Mine Location Mining Method Production 2016 (‘000cts)
Karowe Botswana Open pit 354

Exploration and Development

Lucara’s two precious stone prospecting licenses In Botswana are known to host the five kimberlites BK02, AK11 and AK12, AK13 and AK14. These licenses are located within a distance of 15 km and 30 km from the Karowe The exploration budget for 2016 is up to $7M with deep drilling to further explore Karowe of $3.7 million.

Diamond Sales and Marketing

Lucara will be holding 4 tenders in 2016 with viewings in Gaborone, Botswana (see the exceptional stone catalogues and previous sale results). In May 2016 Lucara sold its 813carat diamond (“The Constellation”) for $63M, the highest price ever achieved for a rough diamond.

Resources and Reserves

As of 26 December 2013

Reserves: 5.1M cts
Gross Resources: 10.6M cts (including reserves)
More info: