Lucara Diamond
- Company typePublic
- Founded2008
- HeadquartersVancouver, Canada
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
Lucara Diamond firmographics
Firmographics- 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
Lucara Diamond industry classification
Industry- 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
Where Lucara Diamond is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices4 records
Markets served
Lucara Diamond business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | HB Trading Agreement - Large stones (+10.8 carats) |
| Transaction based/ take rate | Pay-as-you-go | Quarterly Tenders |
| Transaction based/ take rate | Pay-as-you-go | Clara Digital Platform |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Lucara Diamond product offering
Product offeringCore 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
Companies that use Lucara Diamond
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Lucara Diamond technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature3 records
Lucara Diamond partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, minor and flagship.
- Group R MiningcoreAwarded lateral development contract for underground infrastructure at Karowe Underground Project. Responsible for underground advancement toward the ore body.
- Birdlife BotswanaminorMemorandum 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 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 VuittonflagshipGroundbreaking 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.coreExclusive collaboration to integrate Sarine's traceability technology with Clara platform, enhancing provenance verification and digital transparency throughout the diamond supply chain.
- Botswana Power CorporationcoreBulk power supply provider for Karowe mine. 132kV bulk power supply line enables transition from diesel generators to grid power for underground expansion project.
- Bonas GroupcoreDiamond 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
Lucara Diamond competitors and assessment
Company assessmentOthers
- 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
Lucara Diamond social profiles
Digital presenceLucara Diamond compliance and trust
Trust signalCompliance5 records
Lucara Diamond financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lucara Diamond leadership team
Management profileNumber of profiles
Profiles7 records
Lucara Diamond subsidiaries and ownership
Company hierarchySubsidiaries2 records
Lucara Diamond funding detail
Funding detailFunding overview
Funding rounds6 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lucara Diamond M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lucara Diamond
What does Lucara Diamond do?
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.
Is Lucara Diamond a public or private company?
Lucara Diamond is a public company. It is classified as public and is currently operating.
When was Lucara Diamond founded?
Lucara Diamond was founded in 2008. It employs 101 to 250 people.
Where is Lucara Diamond based?
Lucara Diamond is headquartered in Vancouver, Canada, in the North America region.
How does Lucara Diamond make money?
Three revenue lines are on record. Rough Diamond Sales are the primary driver. The others are clara Platform Transactions and top-up Payments.
Who are Lucara Diamond's main competitors?
Others on record are Sarine Technologies and Bonas Group. Tsodilo Resources is listed as an emerging player. Direct peers are Stornoway Diamond Corporation, Petra Diamonds, Mountain Province Diamonds, Gem Diamonds and Dominion Diamond Mines. Broad incumbents are Alrosa and De Beers Group (Anglo American).
Does Lucara Diamond have an API?
No public API is recorded for Lucara Diamond.
What industry is Lucara Diamond in?
Lucara Diamond's product category is Diamond Mining. Its primary akta.pro industry code is CRAKAJAC, Rough Diamond Trading & Brokerage, with a secondary code of CRAKAJAJ, Diamond & Gemstone B2B Exchanges/Marketplaces. Its NAICS code is 212390 and its SIC code is 1400.