Showers and rain increasing in northern Australia and Queensland miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Lucapa Diamond Company has signed a deal with a new investor that will see it develop a provenance program for its diamonds and take them into the retail jewelry market.The miner raised AUD 12.5 million ($9.1 million) in financing from Sydney- and Singapore-based investment fund Tribeca.
Lucapa Diamond Company has upped its total revenue forecast for the Merlin mine over the next 14 years amid the increase in rough prices.The Australian miner reevaluated its outlook based on the strong demand and low supply scenario currently playing out in the market, which has led to a 42%.
Lucapa Diamond Company is set to generate AUD 1.6 billion ($1.14 billion) in sales from its newly acquired Merlin mine over 14 years, according to a recent study it conducted.The research showed the mine was capable of producing a total of 2.1 million carats of rough during that time using.