No exceptional stones were sold, and the remaining 20% of the auction’s volumes is scheduled to close on or around March 7, the company said.
Publishing its 2021 results, Canada’s Lucara showed a revenue increase of 84% to of $230.1 million, which it attributed to strong diamond market fundamentals.
The miner said the global market for rough stones and diamond jewellery has reached a healthy balance. It said it expected the positive trend to continue in years to come.
“2021 was a pivotal year for Lucara, having de-risked our future growth strategy with the sanction of the fully financed, Karowe underground expansion project, conservatively estimated to add $4 billion to future revenues and extend mine life to at least 2040,” president and chief executive Eira Thomas said in a statement.
The Vancouver-based company also said it processed 2.8 million tonnes of ore last year at its Karowe mine in Botswana – a record…
