Lucara sells Clara Rough Diamond Sales Platform to HRA Group and Eira Thomas for $3M, securing a 5-year supply deal for quality diamonds.

Lucara Diamond Corp. has sold its Clara Rough Diamond Sales Platform to its original founders, led by HRA Group and Eira Thomas, for $3 million. The sale includes 10 million common shares and a 3% net profit interest in Clara's earnings. Lucara will also have a five-year supply agreement for diamonds that meet specific quality standards. This move allows Lucara to focus on maximizing value at its Karowe Diamond Mine in Botswana.

October 07, 2024
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