Lucara Diamond Corp found one of largest stones in Karowe Mine

16.04.2018

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Lucara Diamond Corp. has recovered a 472-carat rough diamond, the third largest from its Karowe mine in Botswana. 
The stone is “top light brown,” meaning it has a relatively low color grade. 

Lucara found the diamond in that part of the mine, the same area that produced the 1,109-carat Lesedi La Rona, which Graff Diamonds purchased for $53 million. The 813-carat Constellation, which sold for a record $63.1 million, also came from the Karowe asset.
Lucara will sell the 472-carat diamond at its exceptional-stone tender later this year.

source: Rapaport News

Lucara Diamond Corp. found another large rough diamond in Karowe Mine

30.04.2018

Lucara Diamond Corp. has unearthed a 327-carat rough diamond from 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 largest in its history, it said last week. The miner will sell the 327-carat and 472-carat diamonds at an exceptional-stone tender in June, along with other special-size stones the company has recovered since the start of the year.

source: Rapaport News

Gem Diamonds Sells one of largest stones all over the world for $40M

14.03.2018

Gem Diamonds has sold the Lesotho Legend, the 910-carat stone it unearthed at its Letšeng mine in January, for $40 million, the company said Tuesday. 

The miner claims the D color, type IIa stone, 

which it sold at tender in Antwerp to Samir Gems — is the fifth-largest gem-quality diamond ever recovered. 

A rise in Gem Diamonds’ recovery of large stones in 2017 drove a 12% sales increase and a 14% jump in the average price per carat for the year. So far this year, the miner has found six stones above 100 carats at the asset in Lesotho.

source: Rapaport News

COMING SOON

Diamond industry will remain free of VAT in United Arab Emirates

04.05.2018

The United Arab Emirates (UAE) has exempted trading in gold, diamonds and precious metals from value-added tax (VAT), according to government news outlets. 

Though VAT was introduced in the UAE only

recently, authorities made the decision to exempt gold and diamonds to improve the ease of doing business in the country, according to WAM. Trade has declined by up to 60% following the implementation of the tax in January, Arabian Business cited retailers as saying. 

The Dubai Multi Commodities Centre, which had opposed the VAT introduction, declined to comment. 

source: Rapaport News

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