Lucara Diamond Corp. announced the termination of the Diamond Sales Agreement between Lucara, Lucara Botswana (Proprietary) Limited and HB Trading BV. Lucara exercised its right to terminate the agreement following a material breach of financial commitments by HB.

Lucara will continue to use its established mechanisms to sell Karowe's rough diamond production, namely through its Clara diamond sales platform, traditional tenders and other value-added mechanisms for stones.