Lucara Diamond reports Q2 2026 revenue decrease
Lucara Diamond announced its Q2 2026 financial results, reporting a 6% decrease in revenue compared to the same period last year. The decline was attributed to fewer carats sold and a lower average price per carat.
Vancouver, B.C. – Lucara Diamond Corp. reported its financial results for the second quarter ended June 31, 2026. The company generated revenue of $41.0 million, a 6% decrease from the $43.7 million reported in the second quarter of 2025.
The decrease in revenue was primarily driven by a lower volume of carats sold and a lower average dollar per carat, particularly for stones weighing less than 10.8 carats. During the quarter, Lucara sold the 2,488-carat Motswedi diamond.
Lucara continues to focus on the operational performance of its Karowe mine in Botswana, adhering to its long-term strategy. The company has also noted significant discoveries at the mine, which are expected to support future production.
Further details on the company's financial performance and outlook can be found in their official filings. Lucara remains engaged in the production and sale of diamonds.