Lucara Diamond Corp.’s sales dropped in the third quarter as the company supplied fewer large and expensive stones from its lucrative Karowe mine in Botswana.Revenue fell 31% year on year to $49.9 million, while net profit slumped 86% to $1.8 million, Lucara reported Wednesday.Sales of rough.
The Botswana government has refuted a report that the country might scale back its sales partnership with De Beers.The local Sunday Standard claimed Botswana was expected to offer most of its large stones through parastatal Okavango Diamond Company to a partnership between Lucara Diamond Corp..
Revenue at Gem Diamonds rose 20% year on year to $56.6 million in the third quarter, reflecting solid pricing and an increase in sales of high-value stones.
“Tenders in Antwerp, together with a Dubai tender viewing in September 2022, were well attended and contributed positively to the.
A 6.25-carat emerald that spent nearly four centuries in the depths of the ocean is set to go under the hammer at an upcoming Sotheby’s sale in New York.The octagonal step-cut gem, salvaged from the fabled Nuestra Señora de Atocha shipwreck of 1622, will be one of the items the auction house.
Hong Kong’s hard-luxury sales rebounded in September amid an improved job market and a new stimulus payment.Sales of jewelry, watches, clocks and valuable gifts rose 8% year on year to HKD 3.44 billion ($437.6 million) for the month, the municipality’s Census and Statistics Department reported.