Lucara Diamond Corp. said it expects an increase in revenue in 2020, with estimates of $180-$210 million. In 2019, total revenue is expected to be between $170-$180 million, according to a recent change in guidance released by the company. However, despite the anticipated increase in revenue, Lucara has reduced its predicted sales – down to […]
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]]>Diamcor Mining Inc. yesterday reported the results of its first tender and sale in the Company’s third fiscal quarter ending December 31, 2019. In this first tender, the Company sold 4,033.01 carats of rough diamonds for total gross proceeds of US$424,072.44; thus realising an average price of US$105.15 per carat. “The Company anticipated this lower […]
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]]>Namdeb Holdings Limited, a joint venture between the Namibian Government and Anglo American’s diamond unit De Beers Group, said on Thursday that it has sold Elizabeth Bay Mine and its associated marine assets as a going concern to Lewcor, a 100% Namibian-owned consortium. Namdeb, which unsuccessfully explored a variety of options to extend the life […]
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]]>The company sold 14 polished diamonds with total weight of 108 carats, and 48 fancy colored polished diamonds weighing 131.6 carats in total. The overall revenue amounted to $2.2 million. Firms from Israel, the US, Belgium, India, Hong Kong and Russia participated in the tender. “There is a continued interest in large polished diamonds over […]
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