Lucara Diamond lifts 2026 revenue guidance as large stone sales drive third-quarter growth
Lucara Diamond raised its 2026 revenue guidance to $140–160 million, while third-quarter revenue rose 19%, according to Reuters.
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what happened
Canada-listed diamond miner Lucara Diamond reported that its third-quarter revenue rose 19% year on year. The gain came mainly from the sale of a 1,303-carat Type IIa diamond and other large stones, according to Reuters, which cites the company's press release.
The company raised its 2026 revenue guidance to $140–160 million from $100–130 million. It also lowered its expected operating cost per tonne processed to $24–26 from $27.50–31, citing higher plant throughput. Net income declined slightly year on year, and weak prices for smaller stones continued to weigh on some sales channels.
why it matters
The story is company-specific and concerns a narrow part of the diamond market. Lucara ties its outlook to tightening supply and price momentum in larger stone categories, while softness in smaller stones remains a risk to revenue.
market impact
Diamonds: strong demand for large stones supports Lucara, while weak smaller-stone prices pressure revenue
tags
instruments
sources
- Canada's Lucara Diamond Q3 revenue rises on large stones; lifts 2026 sales guidance — Reuters, 13 November 2026 at 22:57 UTC
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