Lucara revenues jump to P2.8bn

According to the financials shared with investors recently, the Canadian firm sold a total of 399,215 carats last year, with the revenues received including a $44 million payment for the 1,080-carat Eva Star diamond and 549-carat Sethunya diamond.

Directors said in 2024, all key operational and financial metrics from Lucara’s revised guidance were achieved, with a new production record of 2.9 million tonnes of ore processed set during the year. Commenting on the performance, Lucara CEO and president, William Lamb, described 2024 as “another great year for Lucara,” noting the recovery of the 2,488-carat Motswedi, the largest diamond to be recovered in the last century, followed by the recovery of the remarkable 1,094 carat Seriti.