Lucara Diamond Corp. announced the sale of its 100% interest in the Clara Rough Diamond Sales Platform to its original founders. Clara, a digital marketplace for rough diamonds, was established in 2018 by Lucara. The platform aims to modernise the diamond trade by connecting buyers and sellers directly, improving transparency, and driving economic efficiencies.
Under the terms of the sale agreement, Lucara will receive approximately US$3.0 million in cash and return of shares, along with a 3% net profit interest in Clara’s future earnings. In exchange, the Founders will acquire full ownership of Clara, including its intellectual property and operating assets.
Lucara will also retain a 5-year rough diamond supply agreement with Clara, ensuring continued access to the platform.
William Lamb, President and CEO of Lucara, said, “The divestiture of Clara enables us to intensify our strategic focus on maximising returns and long-term value creation at our world-class Karowe Diamond Mine in Botswana.”
Aaron Ariel, current Managing Director and original founder of Clara, said, “Today, we are excited about the opportunity to realise its full potential, which remains largely unexplored. We believe it will become the industry’s premier global rough diamond marketplace.”
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