ALROSA sells large diamonds at the auction in Israel for $13.7M

ALROSA has summed up the results of international auction for the sale of special size rough diamonds over 10.8 carats at the International Diamond Week in Israel (IDWI).

16 february 2018

Botswana Diamonds starts scoping study to find potential commerciality at Thorny River

Botswana Diamonds said that it has commenced a scoping study to determine the potential commerciality of the Thorny River Diamond Project, in South Africa.

16 february 2018

Zambia's President fires mining minister

Zambian president Edgar Lungu has fired his mines and minerals minister Christopher Yaluma who last week told delegates at a mining indaba in Cape Town that very little exploration for industrial minerals had been conducted in the country.

16 february 2018

China's jewellery companies woo independent women in marketing blitz

Facing slowing global demand for diamond jewelry, diamond companies from around the world are reshaping marketing campaigns to tap a growing pool of independent female spenders in China, the world's second-largest economy, as per a Reuter's report...

16 february 2018

Zim wants Botswana’s help to process Marange diamonds – report

Zimbabwe is expected to enlist the help of Botswana to start processing its diamonds in the neighbouring country in a bid to boost the value of Marange stones, according to a state-owned newspaper.

16 february 2018

Lucara Diamond's (LUCRF) CEO William Lamb on Q2 2017 Results - Earnings Call Transcript

13 september 2017
(seekingalpha.com) - The revenues for Q2 set at just under $80 million or over $1,300 per carat of that obviously being driven by the exceptional stone tender, which we had in Q2 with diamonds recovered from both Q2 and Q1 being sold. That brought our revenue for the year to just over $105 million or just under $106 million. We compare that to the $140 million from last year for Q2 and a high number Q3. So operating margins again were very strong at 82% and this comes again from what I think management and the guys on started to do a very good job on, and that is focusing on cost control. And I’m sure that there almost going to be one or two questions around the mining contractor.


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