GJ Town India

Rough price pulled up to $110 from US$86 per carat   Mountain Province Diamonds announce the results of its most recent December 2021 diamonds sale, as well as the aggregate sales results for the fourth quarter of 2021. During the most recent December 2021 sale, 388,573 carats were sold for total proceeds of $42.7 million (US$33.3 million), resulting in an average value of $110 per carat (US$86 per carat). This continues the steady improvement through the fourth quarter of 2021 where inclusive of the most recent December sale, 808,739 carats were sold for total proceeds of $85.2 million (US$67.5 million) resulting in an average value of $105 per carat (US$83 per carat).  This brings FY21 sales to 3,158,418 carats, for total proceeds of $298.4 million (US$236.9 million) resulting in a FY21 average value of $94 per carat (US$75 per carat).   The Company has now surpassed more than US$1billion in revenue since it began selling in Q1 2017.  Recent sales have seen unpr...

Earns 56% higher in 1Q YoY   Jewellery Market Bureau:  Lucara Diamond reports its results for the first quarter of 2021 ending March 31, 2021, with strong financial and operational performance. Revenue of $53.1 million or $579 per carat sold in Q1 2021, 56% higher than Q1 2020. This includes diamonds sold through a combination of regular tenders, Clara, and through HB Antwerp (HB) under the supply agreement announced in July 2020.   Specials recovered (+10.8 carats) equated to 6.8% weight percentage of total recovered carats. In January 2021, the Company announced the recoveries of two, top white gem quality diamonds, A: 341 carats and B: 378 carats. In April 2021, Lucara announced the 24-month extension of its novel supply agreement with HB, in respect of all diamonds produced in excess of 10.8 carats in size, from the Karowe mine, to be sold as polished. In May 2021, Lucara received credit approved commitments from a syndicate of five international lenders for a senio...