Lucara, HB group extend unusual diamond deal
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.
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									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.
																		
									Consumers are more aware of lab-grown diamonds, though their perception of them differs from their view of natural diamonds, according to De Beers’ latest Diamond Insight Flash Report.
																		
									An advertising watchdog has urged Diamond Foundry to amend its marketing, claiming that some of its language could mislead consumers about the origins of its lab-grown stones.
																		
									Lucapa Diamond Company has recovered yet another large rough stone as its African mines continue to produce high-value diamonds.
																		
									Year-on-year diamond prices for February were up 1.9 per cent, the biggest monthly increase for over two years.
																		
									De Beers Group announced [March 10] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the second sales cycle of 2021.
																		
									ALROSA reports preliminary rough and polished sales results for February 2021.
																		
									De Beers is embarking on a tracking program for the diamonds it supplies to sightholders, seeking to ensure that customers create value from the rough they buy.
																		
									Press release – ALROSA reports preliminary rough and polished sales results for January 2021.
																		
									Press release – De Beers Group announced [February 03] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the first sales cycle of 2021.
																		
									Sales and diamond production dropped sharply in 2020 for De Beers Group, as COVID-19 had a “profound impact” on global diamond supply and demand, the company said.
																		
									De Beers has reduced its 2021 production plan for a second time, citing operational issues at mines, even as diamond demand looks strong at the start of the year.