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Lerala is a village in Central District of Botswana. The village is located 30 km from the Limpopo River and the border with Zimbabwe and approximately 90 km east of Palapye. The population of Lerala was 5,747 in 2001 census.

An Australian company, DiamonEx Limited, is planning to open a diamond mine 15 km north-west of the village. The mine also known as Martins Drift Diamond Project is scheduled to open early 2008 and will employ 230–290 people to produce an estimated 330,000 carats (66 kg) per year. Previously a joint company between De Beers and the Botswana government operated between 1998–2001 a smaller exploratory diamond mine at the same site

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