Lucara Diamond

Name

Lucara Diamond

Legal name

Lucara Diamond Corp.

Website

https://lucaradiamond.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Diamond Mining

NAICS

Other Nonmetallic Mineral Mining and Quarrying (212390)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Rough Diamond Trading & Brokerage (CRAKAJAC)

akta.pro secondary industry

Diamond & Gemstone B2B Exchanges/Marketplaces (CRAKAJAJ)

Keywords

• Rough diamond mining
• Diamond sales platform
• Underground mining
• Diamond provenance tracking
• Type IIA diamonds

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Rough Diamond Sales: Lucara generates revenue primarily from selling rough diamonds recovered from the Karowe mine. Large stones (+10.8 carats) are sold to HB Trading under a sales agreement where diamonds are sold based on estimated polished outcome with top-up payments based on actual polished sales. Smaller stones are sold through quarterly tenders and the Clara digital platform.
2. Clara Platform Transactions: Revenue from third-party goods sold through the Clara digital platform, where the company earns transaction fees from facilitating sales between third-party producers and diamond manufacturers.
3. Top-up Payments: Additional revenue from HB Trading agreement when polished diamonds achieve higher prices than estimated, resulting in variable top-up payments to Lucara based on actual achieved polished sales outcomes.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Lucara Diamond operates the Karowe Diamond Mine in Botswana, one of the world's foremost producers of large, high-quality Type IIA diamonds in excess of 10.8 carats. The company recovers and sells rough diamonds via three channels: a direct sales agreement with HB Trading for +10.8 carat stones, quarterly tenders facilitated by Bonas Group, and its proprietary Clara digital sales platform. Notable recovered stones include the 2,488 carat Motswedi, the 1,758 carat Sewelô, the 1,109 carat Lesedi La Rona, and the 813 carat Constellation.

Product overview

Lucara Diamond Corp. operates as a Canadian diamond mining company with two core business segments: (1) the producing Karowe Diamond Mine in Botswana, one of the world's foremost producers of large, high quality Type IIA diamonds; and (2) Clara Diamond Solutions, a proprietary digital sales platform leveraging cloud and blockchain technologies for modernizing the diamond supply chain and ensuring provenance. The company sells diamonds through both traditional quarterly tenders (partnered with HB Trading for +10.8 carat stones) and through the Clara digital platform for smaller stones. The Karowe Underground Expansion Project is underway to extend mine life to 2040.

Differentiator

Problem solved

Functional benefit

Brands

• Clara: Proprietary secure digital sales platform for rough diamonds using proprietary analytics, cloud and blockchain technologies to modernize the diamond supply chain and ensure provenance from mine to finger

Products and services

• Karowe Diamond Mine A world-class diamond mine in Botswana and one of the world's foremost producers of large, high quality, Type IIA diamonds in excess of 10.8 carats. The mine has produced notable stones including the 2,488 carat Motswedi, the 1,758 carat Sewelô, the 1,109 carat Lesedi La Rona, and the 813 carat Constellation. Diamonds are sold to diamond manufacturers and luxury brands via direct agreement (HB Trading for +10.8 ct), quarterly tenders, and the Clara digital platform.
• Clara Diamond Solutions Digital Sales Platform Lucara's 100% owned proprietary, secure, web-based digital sales platform that uses proprietary analytics together with cloud and blockchain technologies to modernize the diamond supply chain, driving efficiencies, unlocking value, and ensuring diamond provenance from mine to retail. Sells rough diamonds under 10.8 carats through digital auctions and also facilitates third-party producer sales, with 27-32 regular customer participants.

Quantifiable outcome

• Underground expansion projected to generate at least US$4 billion in additional revenue and extend mine life to at least 2040
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, minor and flagship.

• Group R MiningcoreImplementation/ SI/ Consulting Partner · 31 December 2025Awarded lateral development contract for underground infrastructure at Karowe Underground Project. Responsible for underground advancement toward the ore body.
• Birdlife BotswanaminorStrategic or Co-development Partner · 1 January 2023Memorandum of Understanding signed in 2023 for collaboration on monitoring and conserving biodiversity within Karowe Diamond Mine area. Includes community engagements in Letlhakane and surrounding villages.
• HB Trading BVcoreStrategic or Co-development Partner · 15 July 2020Strategic sales partnership for all +10.8 carat gem and near-gem diamonds from Karowe mine. The agreement creates complete transparency within the value chain and alignment between producer and manufacturer. Diamonds are sold at prices based on estimated polished outcome with adjustments on actual sales results, allowing Lucara to participate in upside from polished diamond price increases.
• Louis VuittonflagshipStrategic or Co-development Partner · 15 January 2020Groundbreaking collaboration to cut and polish the historic 1,758 carat Sewelô diamond, Botswana's largest diamond ever recovered. Also purchased the 549 carat Sethunya diamond. Demonstrates capability to deliver exceptional stones to luxury brands.
• Sarine Technologies Ltd.coreTechnology or Integration · 21 October 2018Exclusive collaboration to integrate Sarine's traceability technology with Clara platform, enhancing provenance verification and digital transparency throughout the diamond supply chain.
• Botswana Power CorporationcoreStrategic or Co-development PartnerBulk power supply provider for Karowe mine. 132kV bulk power supply line enables transition from diesel generators to grid power for underground expansion project.
• Bonas GroupcoreChannel Partner/ Reseller/ DistributorDiamond broker facilitating Lucara's quarterly tender sales. Provides customer support for bidder registration and manages auction process through www.lucarabids.com platform.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Others

• Sarine Technologies: Israel-listed provider of diamond manufacturing technologies, including the Galaxy inclusion-mapping systems and traceability solutions integrated into Lucara's Clara platform. Relevant as a technology partner and proxy for digital transformation of the diamond value chain.
• Bonas Group: Diamond broker facilitating Lucara's quarterly tender sales and bidder registration. Comparable as a downstream rough diamond distribution intermediary and proxy for traditional diamond sales channels that compete with Lucara's Clara digital platform.

Emerging players

• Tsodilo Resources: Canadian-listed exploration-stage company with diamond prospecting projects in Botswana (including near Karowe). Compares to Lucara's exploration activities in Botswana and provides a regional/scale comparison within the same mining jurisdiction.

Direct peers

• Stornoway Diamond Corporation: Canadian diamond producer (now under CCAA restructuring after Renard mine ramp-up issues). Historically comparable to Lucara as a publicly listed, single-mine diamond producer in a remote jurisdiction — useful comparison point for single-asset execution and refinancing risk.
• Petra Diamonds: London-listed diamond mining company operating the Cullinan, Finsch, and Kimberley Ekapa mines in South Africa. Directly comparable to Lucara as a publicly listed producer of rough diamonds including exceptional large stones (Cullinan mine is the original source of the 3,106ct Cullinan Diamond).
• Mountain Province Diamonds: Canadian-listed diamond miner (TSX/NASDAQ) operating the Gahcho Kué mine in Canada's Northwest Territories, a joint venture with De Beers. Comparable mid-tier diamond producer with similar scale, public-company structure, and dependence on a single producing asset for revenue.
• Gem Diamonds: LSE-listed diamond miner operating the Letšeng mine in Lesotho, renowned for producing exceptional large, high-value diamonds (including multiple 100+ carat recoveries). Closely comparable to Lucara in its focus on large, premium rough diamonds rather than volume, and similar in market cap and operational scale.
• Dominion Diamond Mines: Operator of the Ekati mine and stakeholder in the Diavik mine in Canada's Northwest Territories before restructuring. Comparable as a publicly listed single-jurisdiction rough diamond producer; relevant precedent for Canadian-listed diamond miners' capital structures and market dynamics.

Broad incumbents

• Alrosa: Russian state-controlled diamond miner, the world's largest producer by volume, with extensive rough diamond mining operations and a global rough diamond sales network. Comparable to Lucara as a major rough diamond producer with similar end markets but at much greater scale and with broader geographic footprint.
• De Beers Group (Anglo American): World's largest diamond producer by value, owned by Anglo American, operating mines across Botswana, Namibia, South Africa and Canada. Broad incumbent comparable to Lucara due to overlapping diamond mining activity, sorting/sales infrastructure (including rough diamond auctions), and Botswana footprint (Debswana joint venture).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/lucaradiamond
• Facebookfacebook.com/LucaraDiamond
• LinkedInlinkedin.com/company/lucara-diamond-corp-
• Instagraminstagram.com/lucaradiamond

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds6 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lucara Diamond