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Lucara Demonstrates Strength: Strong Q4 and 2020 Operational Results

Lucara Demonstrates Strength: Strong Q4 and 2020 Operational Results

The Diamond Loupe
English
08:00

Lucara Demonstrates Strength: Strong Q4 and 2020 Operational Results

In a release detailing its operational results for the COVID year 2020 and the last quarter of that year, Lucara clearly demonstrates its strengths, recording a strong performance despite the pandemic. Total revenue (regular tenders, Clara plus the HB  and Louis Vuitton agreement) amounted to US$125.3m, compared to US$192.5m y-o-y, a remarkably strong performance considering the impact of the COVID-19 pandemic. A strong Q4, with revenue of US$42.4m at an avg US$402/ct marked a global recovery on the rough market, a trend which is continuing in 2021.

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