Lucara sold diamonds at $579 per carat in Q1
Earns 56% higher in 1Q YoY Jewellery Market Bureau: Lucara Diamond reports its results for the first quarter of 2021 ending March 31, 2021, with strong financial and operational performance. Revenue of $53.1 million or $579 per carat sold in Q1 2021, 56% higher than Q1 2020. This includes diamonds sold through a combination of regular tenders, Clara, and through HB Antwerp (HB) under the supply agreement announced in July 2020. Specials recovered (+10.8 carats) equated to 6.8% weight percentage of total recovered carats. In January 2021, the Company announced the recoveries of two, top white gem quality diamonds, A: 341 carats and B: 378 carats. In April 2021, Lucara announced the 24-month extension of its novel supply agreement with HB, in respect of all diamonds produced in excess of 10.8 carats in size, from the Karowe mine, to be sold as polished. In May 2021, Lucara received credit approved commitments from a syndicate of five international lenders for a senio...