LUC.TO - Lucara Diamond Corp.

Toronto - Toronto Delayed Price. Currency in CAD
0.5300
+0.0200 (+3.92%)
At close: 3:42PM EDT
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Previous Close0.5100
Open0.5000
Bid0.5200 x 0
Ask0.5400 x 0
Day's Range0.5000 - 0.5400
52 Week Range0.4000 - 1.7600
Volume214,213
Avg. Volume329,645
Market Cap210.355M
Beta (5Y Monthly)N/A
PE Ratio (TTM)17.67
EPS (TTM)0.0300
Earnings DateMay 07, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateSep. 04, 2019
1y Target Est0.89
  • CNW Group

    Lucara Annual General and Special Meeting to be Held May 8, 2020

    VANCOUVER , April 8, 2020 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Please view PDF version Lucara Diamond Corp. ("Lucara" or the "Company") announces that its Annual General ...

  • CNW Group

    Lucara Share Capital and Voting Rights Update

    As a result of the vesting of employee share units, the number of issued and outstanding shares of the Company has increased to 396,896,733 common shares with voting rights as at March 31, 2020 . The total number of voting rights in the Company is therefore 396,896,733.

  • CNW Group

    Lucara Provides Operational Update and Announces COVID-19 Response Strategy

    Lucara Diamond Corp. ("Lucara" or the "Company") announced today that it has implemented a crisis management strategy in relation to COVID-19, to protect the health and well-being of its employees in Botswana and Canada . Employees who are able to work remotely are doing so.

  • A Sliding Share Price Has Us Looking At Lucara Diamond Corp.'s (TSE:LUC) P/E Ratio
    Simply Wall St.

    A Sliding Share Price Has Us Looking At Lucara Diamond Corp.'s (TSE:LUC) P/E Ratio

    Unfortunately for some shareholders, the Lucara Diamond (TSE:LUC) share price has dived 32% in the last thirty days...

  • Trade Alert: The Vice President of Technical Services Of Lucara Diamond Corp. (TSE:LUC), John Armstrong, Has Just Spent US$47k Buying Shares
    Simply Wall St.

    Trade Alert: The Vice President of Technical Services Of Lucara Diamond Corp. (TSE:LUC), John Armstrong, Has Just Spent US$47k Buying Shares

    Even if it's not a huge purchase, we think it was good to see that John Armstrong, the Vice President of Technical...

  • Thomson Reuters StreetEvents

    Edited Transcript of LUC.TO earnings conference call or presentation 24-Feb-20 2:00pm GMT

    Q4 2019 Lucara Diamond Corp Earnings Call

  • Are Lucara Diamond Corp.’s (TSE:LUC) High Returns Really That Great?
    Simply Wall St.

    Are Lucara Diamond Corp.’s (TSE:LUC) High Returns Really That Great?

    Today we'll look at Lucara Diamond Corp. (TSE:LUC) and reflect on its potential as an investment. To be precise, we'll...

  • CNW Group

    Lucara Announces 2019 Annual Results

    Lucara Diamond Corp. ("Lucara" or the "Company") today reports its results for the year ended December 31, 2019. 2019 was another strong year for the recovery of Specials (single diamonds in excess of 10.8 carats) from direct milling ore with 786 stones totaling 24,424 carats recovered, including 31 diamonds in excess of 100 carats, of which 2 stones were in excess of 300 carats including the historic 1,758ct Sewelô diamond.

  • CNW Group

    Lucara 2019 Year End Results to be Released Monday, February 24, 2020

    Lucara 2019 Year End Results to be Released Monday, February 24, 2020

  • Lucara Recovers Exceptional 549 Carat White Gem Diamond from the Karowe Mine in Botswana
    CNW Group

    Lucara Recovers Exceptional 549 Carat White Gem Diamond from the Karowe Mine in Botswana

    Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the recovery of an unbroken 549 carat white diamond of exceptional purity from its 100% owned Karowe Diamond Mine located in Botswana (Image Attached). The 549 carat diamond was recovered from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe. This follows the recent recovery of a gem quality 176 carat stone from the same ore block.

  • A Tennis-Ball-Sized Diamond Is the Ultimate Status Symbol
    Bloomberg

    A Tennis-Ball-Sized Diamond Is the Ultimate Status Symbol

    (Bloomberg Opinion) -- If you have to ask the price, you can’t afford it. No wonder Bernard Arnault, France’s richest man, isn’t disclosing the details of LVMH Moet Hennessy Louis Vuitton SE’s deal to carve up the second-biggest diamond ever recorded in the history books.On Thursday, Lucara Diamond Corp. said it had entered into a collaboration with LVMH that will see the 1,758-carat Sewelo diamond, which is roughly the size of a tennis ball, turned into Louis Vuitton jewelry. The stone’s name means “rare find.” LVMH is probably one of the few luxury groups that could pull off such a coup.But this is no vanity project. It comes hard on the heels of LVMH’s close to $16 billion purchase of Tiffany & Co., the go-to destination for engagement rings wrapped in that iconic little blue box. If that indicated the French company’s intent in jewelry, this leaves no doubt.It’s not yet clear how exactly the rough diamond will be used. Louis Vuitton has been expanding in fine jewelry, and with its Maison Vendome flagship store has a dedicated space for the category with its own entrance on the Place Vendome, the epicenter of Paris jewelry retailing. The group’s other jewelry houses include Bulgari, Fred, Chaumet, and the soon-to-be-added Tiffany. Christian Dior, meanwhile, has the potential to sell lots of pricey adornments to its fashionista fans.However it eventually polishes up, the Sewelo will be part of the classic luxury playbook.  LVMH will likely create several extremely high-end pieces  to establish a sense of exclusivity. While only a small number of customers may be wealthy enough to purchase these, many more will be able  snap up Tiffany bangles or Louis Vuitton rings. LVMH is counting on the stone to encourage these purchases, too. It’s the diamond-encrusted equivalent of sending extravagant creations down the catwalk to sell trunk loads of Louis Vuitton’s popular Neverfull bags, which sell for about 1,000 pounds ($1,307).Even taking this strategy into account, it’s likely that LVMH will seek to take Tiffany upmarket. There’s scope to increase its margins by jettisoning lower-price products and selling more high-end pieces. The allure of the Sewelo will help in this process, too.The luxury jewelry market is growing strongly, with particular demand for items boasting a designer label. Bain & Co. estimates that excluding currency fluctuations, sales rose 9% in 2019, in contrast to watches, where sales fell 2%. Timepieces have been hurt not only by the unrest in Hong Kong but by the segment’s continued disruption by smart and connected watches. Jewelry faces no such technological shifts. So there’s plenty of room for LVMH to expand.A more muscular rival is a worry for companies including Richemont, which owns Van Cleef & Arpels and Cartier, as well as Swatch Group AG, which owns Harry Winston. It could also make it harder for LVMH’s French archrival Kering SA, which also has scope to sell more jewels, to do so. Luca Solca, analyst at Bernstein, has suggested that a merger between Richemont and Kering would be a formidable response.LVMH’s Sewelo gem gambit is not without some potential pitfalls. At the moment it is a rough stone, whose outer surface is still covered in a layer of carbon. It’s not yet clear what kind or quality of polished gem it will reveal. Lucara Diamond previously said it may not deliver the highest standard.Whatever emerges, the stone’s size alone will make for an interesting story for LVMH’s marketing team. And with the group being at the cutting edge of fashion, it may be bolder and more creative than a diamond dealer, whose primary concern is usually how many carats can be secured in order to maximize the sale price. Add in the halo effect around the jewelry maisons — the Sewelo will be shown to clients and press at the Paris couture shows next week before embarking on a world tour —  and there’s even less of a risk.So even if the Sewelo doesn’t turn out to be as much of a sparkler as hoped, it will still help LVMH sell plenty of other baubles.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Lucara Enters into Collaboration with Louis Vuitton to Polish the Historic 1758 Carat Sewelô, Botswana's Largest Diamond
    CNW Group

    Lucara Enters into Collaboration with Louis Vuitton to Polish the Historic 1758 Carat Sewelô, Botswana's Largest Diamond

    Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce that it has entered into a collaboration with Louis Vuitton ("LV"), the famous luxury House, and the HB Company  ("HB"), a diamond manufacturer from Antwerp, to manufacture its historic, record setting, 1758 carat Sewelô diamond recovered from its 100% owned Karowe Diamond Mine in Botswana in April 2019 (see Lucara Press Releases April 25, 2019, and July 18, 2019).

  • Is Lucara Diamond Corp. (TSE:LUC) A Volatile Stock?
    Simply Wall St.

    Is Lucara Diamond Corp. (TSE:LUC) A Volatile Stock?

    Anyone researching Lucara Diamond Corp. (TSE:LUC) might want to consider the historical volatility of the share price...

  • CNW Group

    Lucara's December Diamond Tender Exceeds Expectations

    Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to report that its final diamond tender of 2019, held on December 12th, generated sales proceeds of US$52.9 million, 16% higher than expected, and achieved an average price of US$548 per carat. The December tender puts Lucara's 2019 revenue at $192.5 million exceeding the 2019 revenue guidance of $170 - $180 million. Clara is achieving strong prices for Karowe diamonds and generating attractive margins for its customers, confirming that significant value can be unlocked by selling rough diamonds in a more efficient way, using technology and based on specific demand for individual polished products.

  • CNW Group

    Lucara Provides Operating Outlook for 2020

    Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to provide operating guidance for 2020 (all amounts in US Dollars unless otherwise stated). A capital expenditure of up to $53 million has been approved for early works related to a proposed underground mine at the Karowe Diamond Mine. Diamond recoveries are expected to be between 370,000 carats and 410,000 carats; diamonds sold are expected to be between 350,000 carats and 390,000 carats.