Diamond market shows signs of revival
After being virtually shut down since March, the diamond market has slowly come back to life. This fall, De Beers, the world’s largest diamond producer by value, has reported a…
Lucara Diamond Corp
Lucara Diamond ends second quarter with $14M loss
Lucara Diamond (TSX: LUC) saw revenues fall 82% in the three months to June 30 from the same period last year after it decided to hold back the sale of…
Dominion Diamond sues partner in Diavik mine
Dominion Diamond Mines is suing DDMI, its associate in the iconic Diavik mine and a subsidiary of Rio Tinto (NYSE: RIO; LSE: RIO), for alleged breach of contract and acting…
Lucara’s digital sales platform poised for growth during Covid-19
Since its first sale through its Clara sales platform in late 2018, Lucara Diamond (TSX: LUC) has sold US$12.1 million worth of diamonds using the digital technology. The sales platform…
Alrosa’s anemic April sales underscore market distress
Russia’s Alrosa, the world’s top diamond producer by output, saw sales for rough and polished diamonds fall to US$15.6 million in April, as the coronavirus pandemic continues to hit demand….
Lucara recovers 549 carat white diamond
Lucara Diamond (TSX: LUC) has recovered a 549 carat diamond from its Karowe mine in Botswana. The mine — one of the world’s most prolific producers of large and high-value…
Lucara Diamond’s sales beat expectations
Lucara Diamond (TSX: LUC) is the latest miner to inject some optimism into a depressed market that was hit this year by an unforeseen oversupply and increasing demand for lab-made…
Karowe delivers blue and pink stones
Exceptional diamonds are nothing new for Lucara Diamond’s (TSX: LUC) Karowe mine in Botswana, but this fall has seen the miner unearth coloured gems as well as large high-value Type…
Editorial: Diamond sector battles crisis fatigue
They say it’s darkest before the dawn. Let’s hope that holds true for the diamond sector. We try to strike a hopeful note here at Diamonds in Canada about an…
The Northern Miner Podcast – episode 146: Natural and synthetic diamond markets can coexist, ft Lucara Diamond CEO Eira Thomas
This episode features an interview with Lucara Diamond president and CEO Eira Thomas on the company’s response to challenges in the diamond industry, including competition with synthetic diamonds, as well…
Top-10 diamond companies in Canada
The Northern Miner has compiled a list of the top-10 diamond companies with headquarters in Canada, ordered by market capitalization, as of early July 2019. 1. Lucara Diamond Market cap:…
Lucara advances its Clara digital sales platform
Lucara Diamond’s (TSX-LUC) Karowe mine in Botswana continues to turn out enormous diamonds. The latest, in April, weighed in at 1,758 carats. While the diamond was recovered unbroken, the stone…