💎📈 Lucara’s Giant Diamond Sales Send 2024 Revenue Soaring—$54M from Just 2 Stones!
Lucara Diamond Corp. had a sparkling comeback in 2024, thanks to two monster-size rough stones from its Karowe mine in Botswana that raked in a combined $54 million. Yes, two diamonds, $54M. 💰💎
🔍 By the Numbers
2024 Revenue: $203.9M (+18% YoY)
Carats Sold: 399,215 (+5%)
Net Profit: $39.9M (vs. a $20.2M loss in 2023)
Production: 361,673 carats (-8%)
👉 Major high-value contributors:
549-carat Sethunya
1,080-carat Eva Star
Record-Breaking Finds
Lucara unearthed:
🪨 2 mega-diamonds over 1,000 carats:
2,488-carat Motswedi
1,094-carat Seriti
💎 807 "specials" (stones >10.8 carats), up from 602 in 2023
❗ Post-year recovery: 1,476-carat non-gem-quality stone
📊 Q4 2024 Snapshot
Revenue: $78.8M (+117% YoY)
Carats Sold: 112,615 (+1%)
Production: 91,046 carats (-7%)
🔮 2025 Forecast
Revenue Goal: $195M–$225M
Sales Target: 400K–420K carats
Production Target: 360K–400K carats
Lucara remains cautiously optimistic on natural diamond prices despite:
🇦🇴 Rough influx from Angola
- 🇨🇳 Weak polished demand from China
- 🔻 Smaller stones facing price corrections
- “The market may have bottomed out in Q4. Recovery will likely be led by larger diamonds amid tightening supply.” – Lucara
TL;DR:
🚀 Lucara’s 2024 comeback driven by mega-stone sales
- 💵 $54M from just two diamonds
- 📉 Production dipped, but profits surged
- 📈 2025 outlook: steady sales, cautious optimism
- Big rocks = big revenue. Lucara’s betting the future of diamonds is large and rare.