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Botswana Proposes Lucara Investment
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The government of Botswana is said to have expressedinterest in buying shares in Lucara Diamond Corp., the owner of the country’shigh-value Karowe diamond mine. “I have proposed…Lucara allow [the] government to invest inthe company,” President Mokgweetsi Masisi told...
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Mining
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Jun 24, 2019
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Rapaport News
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Lucara Finds Additional Resources at Karowe
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A high-value section of the Karowe minecontains a larger supply of diamonds than originally thought, Lucara DiamondCorp. said. A feasibility study at the Botswana-basedasset shows a 54% increase in indicated resources in the EM/PK (S) portion of itssouth lobe region,...
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Mining
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Jan 27, 2019
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Rapaport News
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Lucara Unearths 127ct. Diamond
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Lucara Diamond Corp. has recovered a 127-carat rough diamondfrom its Karowe mine in Botswana. The company found the “high-quality” white stone in the deposit’ssouth lobe, the same area where it unearthed the 1,109-carat Lesedi...
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Mining
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Jan 13, 2019
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Rapaport News
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Karowe Firm Gets First Female Boss
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Lucara Diamond Corp. has appointed Naseem Lahri as the firstfemale managing director of its Boteti Mining subsidiary, which owns thehigh-value Karowe mine. “I am delighted to be welcoming Naseem into her new role asmanaging director of Boteti,...
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Mining
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May 02, 2018
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Rapaport News
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Lucara Recovers 327ct. Rough Stone
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Lucara Diamond Corp. has unearthed a 327-carat rough diamondfrom its Karowe mine in Botswana. The high-color white diamond is the eighth over 100 carats that Lucara has found this year, and the ninth...
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Mining
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Apr 29, 2018
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Rapaport News
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Lucara Unearths 472ct. Rough Stone
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Lucara Diamond Corp. has recovered a 472-carat rough diamond, thethird largest from its Karowe mine in Botswana. The stone is “top light brown,” meaning it has a relativelylow color grade. “In 2018, mining at Karowe is focused...
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Mining
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Apr 15, 2018
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Rapaport News
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High-End Slump Forces Layoffs at De Grisogono
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Swiss-based luxury jeweler De Grisogonoplans to cut up to 41 positions after a challenging high-end market resulted inpoor sales.“Despite considerable investments and allthe efforts of employees, [salesof high jewelry] have not reached anticipated levels,due in part to challenging conditions...
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Manufacturing
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Apr 11, 2018
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Rapaport News
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Lucara Names Eira Thomas as CEO
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Eira Thomas has taken over as CEO of Lucara Diamond Corp,replacing William Lamb, the miner said Sunday.Thomas (pictured), who has worked in the mining industry for 25 years, is a founder and director of Lucara, and a cofounder...
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Mining
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Feb 26, 2018
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Rapaport News
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Lack of Large Diamonds Dents Lucara Sales
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Lucara Diamond Corp’s revenue and profit fell in 2017, assales of exceptional diamonds and overall production at its Karowe mine slumpedduring the year. Revenue for 2017 dropped 25% to $220.8 million, with thevolume of goods...
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Mining
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Feb 21, 2018
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Rapaport News
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Israel Takes Its Cut from 813ct. Constellation
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Theleaders of Israel’s diamond trade have been trying hard of late to showcase anddevelop the nation’s prowess in cutting larger stones. It was thereforeunsurprising that the Israel Diamond Institute (IDI) proudly announced inNovember that local...
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Mining
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Dec 13, 2017
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Joshua Freedman
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De Grisogono Moves to Larger New York Store
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De Grisogono has opened a larger boutique on New York’sMadison Avenue, reflecting demand for a broader range of products, the Swissluxury jeweler said. “By expanding our footprint in the US, we’ve created adestination for our highly...
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Retail
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Nov 29, 2017
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Rapaport News
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Lesedi La Rona Boosts Lucara Sales
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Lucara Diamond Corp.’s revenue more than doubled in thethird quarter as it sold the 1,109-carat Lesedi La Rona rough diamond, theminer reported Thursday.Sales came to $77.9 million in the three months that endedSeptember 30, up from $38.1...
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Mining
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Nov 05, 2017
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Rapaport News
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Lucara Lowers Production Outlook
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Lucara Diamond Corp. reduced its production forecast after ashortage of equipment in the second quarter led to lower mining levels than thecompany expected.Lucara’s mining contractor, Aveng Moolmans, experienced“equipment-availability issues” that resulted in the miner...
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Mining
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Aug 06, 2017
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Rapaport News
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De Grisogono Eyes U.S. Growth With New Deal
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De Grisogono, a high-end jeweler that has bought some of theworld’s largest rough diamonds, has entered into a partnership for itsAmerican operations in an attempt to develop its brand in the U.S.David and Lisa Klein, who own DLK,...
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Retail
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Feb 12, 2017
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Rapaport News
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Massive Diamond Boosts Lucara’s 2016 Sales
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Lucara Diamond Corp. expects revenue to hit $295million in 2016, implying a 32 percent surge from a year ago, following the saleof the most expensive rough diamond in history.The Canada-based miner soldthe 813-carat Constellation diamond for...
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Mining
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Dec 11, 2016
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Rapaport News
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De Grisogono Buys Rights to 813ct. Diamond
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De Grisogono purchased the rights to the world’s mostexpensive rough diamond, the Constellation, it announced at the launch of the28th Biennale des Antiquaires in Paris.The Switzerland-based jeweler entered into a partnershipwith Dubai-based Nemesis International which boughtthe 813-carat...
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Rough Markets
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Sep 11, 2016
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Rapaport News
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Lucara’s Sales Lifted by Record 813ct. Diamond
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Lucara DiamondCorp.’s revenue and profit soared in the first half of the year due to a recordsale of a rough diamond for $63.1 million.Revenue jumped to$191.4 million in the six months that ended June 30 versus $67.8 million...
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Mining
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Aug 07, 2016
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Rapaport News
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