GJ Town India

An average price per carat grew to $690 from $480 YoY   Lucara Diamond Corporation reports its results for the quarter ended March 31, Q1 2022 said, Lucara revenue in Q1 2022 increased by 28% to $68.2 million from $53.1 million in Q1 2021 a reflection of strong rough and polished diamond market fundamentals into the first quarter.   The combination of a strong diamond market, combined with the sale of several higher value rough diamonds in Q1 2022 generated an average price per carat (excluding top-up payments) of $690 for Karowe diamonds sold during the quarter (Q1 2021: $480 per carat).   A total of 186 Specials (single diamonds in excess of 10.8 carats) were recovered, representing 6.9% weight percent Specials (Q1 2021: 6.8%). Sales volumes transacted on Clara during Q1 2022 totalled $7.0 million, a 17% increase from the $6.0 million in sales volume transacted in Q1 2021. A third-party producer will commence a series of trial sales beginning in Q2 of 2022. Eira Thomas, Presid

Approves US$220 million for the expansion   Lucara Diamond Corporation has received credit approved commitments from a syndicate of five Mandated Lead Arrangers for a senior secured project financing debt package of up to US$220 million (the Facilities) to fund the underground expansion at Lucara's 100% owned Karowe Mine in Botswana.   The Facilities will include two tranches: A project finance facility of US$170 million to fund the development of the underground project and a working capital facility of US$50 million to support the on-going operation of the Karowe open pit mine. Financial closing of the Facilities is subject to satisfactory completion of definitive documentation, and satisfaction of certain terms and conditions, including appropriate KYC checks. The MLAs are ING Bank NV, Natixis, Societe Generale, London Branch, Africa Finance Corporation and Afreximbank.   Eira Thomas, President and CEO commented: "Securing credit commitments for the arrangement of +$200

Gem Diamond from the Karowe Mine in Botswana   Lucara Diamond announced the recovery of an unbroken 341 carat top white gem quality diamond from its 100% owned Karowe Diamond Mine in Botswana. The 341 carat diamond was recovered over the holiday period from milling of ore sourced from the south western quadrant of the South Lobe M/PK(S) unit. The recovery of large gem quality diamonds from the M/PK(S) unit of the South Lobe is in line with expectations and historical South Lobe recoveries.  Eira Thomas, Lucara's CEO commented: "Lucara is extremely pleased to be starting off 2021 with the recovery of a 341 carat high quality white gem diamond that builds on previous historic recoveries which include the 549 carat Sethunya, 998 carat, 1758 carat Sewelô, the 1109 carat Lesedi La Rona and the 342 carat Queen of the Kalahari.   The 341 carat diamond represents the 54th diamond greater than 200 carats to be recovered from Karowe since 2015. The consistent recovery of these large d

  Lucara tied for Sethunya diamond!   Sethunya meaning Flower in Setswana! Lucara Announces Second Collaboration Agreement with Louis Vuitton, and HB Antwerp for the Exceptional, 549 Carat White Gem Diamond, Sethunya.  According to the Lucara Diamond it has entered into an agreement with Louis Vuitton, the famous luxury goods House and HB Antwerp, a European diamond manufacturing and technology company, for the purpose of collaborating on the planning, cutting and polishing of the exceptional, 549 carat white gem diamond referred to as, Sethunya meaning Flower in Setswana.   Sethunya was recovered unbroken from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe of Lucara's 100% owned Karowe Mine in February 2020. This agreement builds on the collaboration, announced in January, with Louis Vuitton and HB on the historic 1,758 carat Sewelô, Botswana's largest diamond, recovered from Karowe last year.   Louis Vuitton, the famous luxury House, and the

Lucara Diamond recovers a 240 carat, top white gem diamond, from its 100% owned Karowe Diamond Mine located in Botswana. This diamond will be shown alongside the 127 carat, top white gem diamond reported earlier this year together with other exceptional diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7, 2019. Since mining began at Karowe in July 2012, a total of 54 diamonds in excess of 200 carats have been recovered, including 12 diamonds larger than 300 carats in size. In addition, Lucara has sold 180 diamonds in excess of $1 million each and ten diamonds have sold for in excess of $10 million each. Eira Thomas CEO commented: "This top white 240 carat gem diamond was mined from the M/PK(S) unit within the South Lobe, providing continuing confirmation that large, high quality gem diamonds are recovered throughout the kimberlite, in all lobes and phases on a regular basis. As Karowe enters its 7th full year of production

Top white gem diamond from Karowe A total of 129 diamonds in excess of 100 carats have been recovered so far! Lucara Diamond announces the recovery of a 127 carat, top white gem diamond, from its 100% owned Karowe Diamond mine located in Botswana.  Since mining began at Karowe in 2012, a total of 129 diamonds in excess of 100 carats have been recovered, 33 in 2018 alone.  That tally includes 12 diamonds larger than 300 carats in size, of which 5 were recovered in 2018.  In addition, Lucara has sold 180 diamonds in excess of $1 million each and ten diamonds have sold for in excess of $10 million each. Eira Thomas, CEO commented: "The recovery of this latest, high value, top white 127 carat diamond attests to the remarkable nature of the Karowe ore body, which has consistently delivered large, high value diamonds throughout its history. 2018 was a banner year, having recovered a record number of Specials (diamonds >10.8 carats in size). In 2019, mining