Lucara Extends Supply Agreement With Belgian Firm

Monday, April 12, 2021

Lucara Diamond Corp. says it has entered into a 24-month extension of its definitive supply agreement with HB Antwerp (HB), in respect of all diamonds produced in excess of 10.8 carats in size from its 100% owned Karowe Diamond Mine in Botswana.

Large, high value diamonds in excess of 10.8 carats in size account for approximately 70% of the diamond producer’s annual revenues.

Lucara Diamond chief executive officer, Eira Thomas, said under the terms of the supply agreement with HB, which has been extended to December 2022, the purchase price paid for each +10.8 carat rough diamond is based on the estimated polished outcome.

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Lucara Extends Supply Agreement With Belgian Firm

Lucara Diamond Corp. says it has entered into a 24-month extension of its definitive supply agreement with HB Antwerp (HB), in respect of all diamonds produced in excess of 10.8 carats in size from its 100% owned Karowe Diamond Mine in Botswana.