Stay updated with breaking news from Oded Mansori. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In a bid to drum up investor appetite for rough, natural diamonds, mining company Lucara Diamond Corp and manufacturer HB Antwerp on Monday unveiled a 1,175-carat diamond in New York City.
HB Antwerp and Lucara sign a long-term supply agreement Following an initial six-month cooperation, Lucara Diamond Corp. and HB Antwerp are stepping into a long-term partnership By: Diamond World News Service | | Reference: 25506 HB Antwerp and Lucara Diamond Corp surprised the diamond world in 2020 when they entered into a unique supply agreement. This agreement saw HB Antwerp formally commit to purchasing all of Lucara Diamon...
Share Lucara Diamond Corp. and HB Antwerp have extended their agreement, announced last year, which will require HB to buy all the 10.8 ct. rough diamonds from the Karowe mine in Botswana for another two years. The original deal, which was—and remains—atypical for the diamond industry, began in July 2020 and was due to expire at the end of last year. of high-value diamonds, and those stones account for approximately 70% of Lucara Diamond’s annual revenue. The deal says that the purchase price paid for each 10.8 ct. rough diamond will be based on the stone’s estimated polished outcom...
Lucara Announces 24 Month Extension to HB Supply Agreement VANCOUVER, BC, April 6, 2021 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce that it has entered into a 24-month extension of its definitive supply agreement with HB Antwerp ("HB"), in respect of all diamonds produced in excess of 10.8 carats in size from its 100% owned Karowe Diamond Mine in Botswana. Large, high value diamonds in excess of 10.8 carats in size account for approximately 70% of Lucara's annual revenues. Though the Karowe mine has re...