Type Public Industry Mining Operating income Headquarters Vancouver, Canada Revenue 265.5 million USD (2014) | Traded as TSX: LUC Products Diamonds CEO William Lamb (May 2011–) Founded 2004 | |
Key people Lukas H. Lundin (Chairman and Director)William Lamb(President, CEO and Director) Stock price LUC (TSE) CA$ 2.79 0.00 (0.00%)13 Mar, 4:00 PM GMT-4 - Disclaimer Profiles | ||
Lucara diamond corp
Lucara Diamond Corp. (TSX: LUC) is a diamond exploration and mining company, operating in southern Africa but established in Canada. In November 2015, Lesedi La Rona, the world's second largest gem-quality diamond ever found, was found at the Karowe mine in Botswana.
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Operations
Noted stones
On 18 November 2015, the company announced the discovery of the Lesedi La Rona, the world's second largest gem-quality diamond ever (second only to the 3,106 carat Cullinan). The type IIa diamond was found in the company's Karowe mine in north-central Botswana. The diamond weighs 1,111 carat and measures 65 by 56 by 40 mm (2.6 by 2.2 by 1.6 in). A day later, two more diamonds weighing 813 and 374 carat, were also found. All the stones came from the AK6 pipe opened 18 months earlier, it has since yielded over 1 million carats of diamonds. The company has sold the 813 carat Constellation in May 2016 for $63.1 million and a 341.9 carat diamond in July 2015 for $20.6 million.
Company structure
Chairman of the board since 2010 is Lukas H. Lundin, son of Adolf H. Lundin the founder of Lundin Mining and Lundin Petroleum. The president and CEO of Lucara is William Lamb.
In March 2011, Lucara was reported to be discussing a merger with Gem Diamonds.
After the discovery of the Lesedi La Rona, the company's shares went up 28%.