Business overview
Lucara Diamond (OTCPK:LUCRF) supplies rough diamonds to the global market from its 100% owned Karowe Mine in Botswana. The Karowe diamond mine has been in production since 2012 and forms the core of Lucara’s operations and exploration activities.
Source: Lucara Q2 2019 earnings presentation
As shown in the slide above, Lucara is recognised in the industry as a leading producer of specials defined as single diamonds in excess of 10.8 carats. From 2012 to 2018 a total of 174 diamonds in excess of 100 carats have been recovered. It also has