Botswana leaned on Lucara to renew diamond deal
BOTSWANA may have had a lot to do with Lucara Diamond’s decision to renew a marketing agreement with marketer HB Group despite finding the Antwerp-based firm had breached a…
Gem hopes Botswana Govt will halt “inappropriate” diamond sales
THE surprise election in November of Botswana President Duma Boko could result in “inappropriate sales” of diamonds from “a major competitor” being stopped in the southern…
Lucara cuts revenue guidance as high value diamond sales fall
LUCARA Diamond Corp. said on Thursday revenue would be lower for its 2024 financial year than forecast owing to lower sales of high value diamonds, which comprise up to 70% of…
Lucara to sell digital diamond sales company to former CEO
LUCARA Diamonds announced on Monday it had sold its digital diamond sales channel as it focussed on the commissioning of Karowe mine’s expansion project. William Lamb, president…
Lucara re-enters diamond sales agreement with HB Antwerp
LUCARA Diamond Corp, the Toronto-listed miner, has re-entered a diamond sales agreement with cutter and polisher HB Group for goods larger than 10.8 carats mined from the Karowe…
Lucara Diamond to conclude “complete review” of Karowe capex and schedule in Q1
LUCARA Diamond Corp. said it would conclude “a complete review” of its capital programme budget and schedule in the first quarter of next year. Commenting on production, sales…
Lucara signs ten year diamond sales agreement with HB Group
LUCARA Diamond Corp. last week signed a ten-year sales agreement with HB Trading in which it will supply the manufacturer with diamonds of 10.8 carats and above mined from its…
Lucara kept waiting on third party supply to Clara while diamond market elation persists
THE second half of Lucara Diamond Corporation’s financial year ought to be an interesting watch, especially on the sales front for two reasons. First is how the Toronto-listed…
Lucara Diamond forecasts $120m spend in 2021 on fully funded Karowe extension
LUCARA Diamond Corporation will spend $120m this year on the underground extension of its Karowe mine in Botswana after raising project capital 4% to $534m. Commenting on the…