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An average price per carat grew to $690 from $480 YoY   Lucara Diamond Corporation reports its results for the quarter ended March 31, Q1 2022 said, Lucara revenue in Q1 2022 increased by 28% to $68.2 million from $53.1 million in Q1 2021 a reflection of strong rough and polished diamond market fundamentals into the first quarter.   The combination of a strong diamond market, combined with the sale of several higher value rough diamonds in Q1 2022 generated an average price per carat (excluding top-up payments) of $690 for Karowe diamonds sold during the quarter (Q1 2021: $480 per carat).   A total of 186 Specials (single diamonds in excess of 10.8 carats) were recovered, representing 6.9% weight percent Specials (Q1 2021: 6.8%). Sales volumes transacted on Clara during Q1 2022 totalled $7.0 million, a 17% increase from the $6.0 million in sales volume transacted in Q1 2021. A third-party producer will commence a series of trial sales beginning in Q2 of 2022. Eira ...

Mountain announce Rough Diamond Sale   Viewings will be held from February 22 w ith the sale closing on March 5 Mountain Province Diamonds announces the upcoming sale of the largest gem quality diamond recovered to date from the Gahcho Kué mine, located in Canada's Northwest Territories. The diamond is a 157.38 carat gem of exceptional quality. Named, Polaris-after the North Star, this diamond exhibits a rare natural blue fluorescence that echoes its Canadian Arctic origins.   Reid Mackie, the Company's Vice President Diamond Marketing said, "We are thrilled to offer Polaris at our upcoming February sale. It is an extraordinary stone, recovered at the end of an extraordinary year. Polaris, the North Star, is an enduring touch point of light for those navigating under northern skies.   It remains a celestial constant as the earth rotates and the seasons change. We take inspiration from this stone and the beautiful light suspended within it, as we, our customers, an...

Alrosa, a global leader in diamond mining, held an auction in Vladivostok for special size rough diamonds (over 10.8 carats). The overall revenue amounted to $9.1 mn. The company sold 125 rough diamonds with total weight of 2,090 carats; 24 firms from the largest centers of diamond trade were recognized as winners in different auction positions. “The first auction this year in Vladivostok completed with good results. The assortment is still in demand among the market participants from the largest centers of world diamond trade. I believe that interest in Vladivostok as a promising trading platform will only grow,” Evgeny Agureev, Member of the Management Board, Director of the United Selling Organization at Alrosa, said. The schedule of Alrosa’s international auctions for special size rough diamonds includes four auctions in Vladivostok in 2019. The next auction will take place there in April; two more are scheduled for July and September.

Scheduled from the 26th March to the 2nd April 2019 Trans Atlantic Gem Sales (TAGS) will be holding a rough diamond tender in the Almas Tower at the Dubai Diamond Exchange in Dubai from the 26th March to the 2nd April 2019. Two regular productions from South Africa and Angola will again be presented including a Namibian production. All materials are of high quality and high colour and contain a significant number of large single stones and exceptional specials. All interested parties can contact: bookings@transatlanticgemsales.com   to schedule an appointment. TAGS are expecting in the region of 30,000 carats of South African goods and 35,000 carats of Angolan goods across a full range of sizes. Final details will soon be forthcoming from the producers; however the event should have a combined value in excess of US$50m.  The full event schedule for 2019 is listed on the Trans Atlantic Gem Sales website.

H1 production gone up by 10% to 2,019,147 carats! Recently Petra Diamonds announced its H1 FY 2019 interim result says, the sale of Petra’s interest in the Kimberley Ekapa Mining Joint Venture-KEM JV and Helam Mining, is being completed in December 2018. Accordingly the H1 result has not included KEM JV & Helam performance unless specified! During the H1 production gone up 10% to 2,019,147 carats over the previous H1 FY 2018 had registered 1,843,956 carats production. Over all Carats sold increased 15% to 1,736,357 while H1 FY 2018 had sold 1,510,361 carats. Increased sale is a result of increased production. Financial Revenue generated of US$207.1 million over the H1 FY 2018 of US$191.8 million & net loss adjusted after tax of US$4.5 million was a US$7.2 million profit in H1 FY 2018. Petra says, loss on discontinued operations relating to KEM JV and Helam of US$39.7 million (H1 FY 2018: US$53.9 million loss – KEM JV only). However, should product mix...

LoM of Karowe diamond Extended from 2026 to 2036 Diamonds recovered by Lucara to be over 300K carats Lucara Diamond announced its outlook for 2019 and said; revenue is forecast to be between $170 million and $200 million!   Karowe 2019 operating cash costs are forecast to be around $32.00 - $37.00 per tonne processed, significantly lower than in 2018, where the operating cash cost per tonne processed is expected to be between $38.00 and $42.00. The completion of a Feasibility Study for underground mine advancement is a key focus for this year, with a 2019 budget of $14.8 million to complete geotechnical and hydro geological drilling programs, economic and other studies which started in 2018. Eira Thomas, President & CEO commented: "Having stabilized and significantly improved our mining operations at Karowe in 2018, Lucara is now focused on optimizing the base business and pursuing a suite of high potential, organic growth opportunities.  The ...

Laurelton Diamonds Tender From January 7 & up to 17 Laurelton Diamonds Belgium BVBA will be holding the viewings of its next Tender of Rough and Sawn at the Antwerp Diamond Tender Facility (ATF), Belgium. The Tender will include a selection of White and Cape Rough parcels in sizes from +5cts to -7 in regular and high quality assortments in Cts and Grs.   There will also be a range of White Sawn Kaps offered in sized parcels from +3gr to -5 in mixed qualities. The tender is scheduled from Tuesday 7th January to Thursday & up to 17th January 2019 and viewing appointments can be booked. The tender will be held in the Antwerp Diamond Tender Facility (ATF), AWDC Building. Laurelton Diamonds Belgium BVBA, a subsidiary of Tiffany & Co, is a rough diamond manufacturing and trading company with operations across the globe. The company procures rough diamonds and manages the worldwide supply chain that cuts, polishes and supplies finished diamonds to Ti...