Lucara Diamond Corp.’s revenue rose more than sixfold year on year in the second quarter as demand for polished stones drove up rough prices.Revenue from the company’s Karowe mine in Botswana soared to $46.3 million for the three months ending June 30 from $7.5 million a year ago, it said.
BlueRock Diamonds has cut its output guidance for the year amid an increase in Covid-19 cases and riots in South Africa that have impacted operations.The miner now expects to produce between 24,000 and 28,000 carats for the year from its Kareevlei mine, versus the 30,000 to 39,000 it originally.
RAPAPORT. Gem Diamonds enjoyed a continued recovery in rough demand during the first half of 2021, with an improvement in market conditions boosting prices for its goods.Rough sales reached $104 million for the period, the miner said Wednesday 41% higher than the figure the company.
RAPAPORT. Israel’s diamond shipments continued their recovery in July as the sector benefited from a global rebound in demand.Polished exports after returns jumped 68% year on year by value for the month, the country’s Ministry of Economy and Industry reported Monday. Polished imports.
An Israeli financial-technology company is set to offer almost $8 million in credit to the diamond industry every month after receiving a license to operate in the sector.MDPS, which stands for Mazalit Digital Payment Solutions, claims to be the world’s only accredited non-bank financial.