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Lucara's blockchain platform Clara will modernise rough diamond market, says its new chief executive

Clara should be selling rough diamonds on its platform by August of this year, Thomas said

Eira Thomas, chief executive and co-founder of Lucara Diamonds (TSE:LUC), tells Proactive that recent blockchain purchase Clara Diamonds will modernise the way that rough diamonds are sold.

 She explained: “Clara could be very lucrative for us in the longer term, and could be a significant revenue generator for us going out several years.”

Clara should be selling rough diamonds on its platform by August of this year, Thomas said, adding Lucara is also committed to being a diamond miner and developing its mines.

 Lucara has forged a reputation for high-quality diamonds with 75% of value created so far coming from stones larger than 10.8 carats in size, while 154 have sold for more than US$1mln each.

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Price: 0.79 CAD

TSX:LUC
Market: TSX
Market Cap: $313.52 m
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