#Lucara Diamond Corp
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The Economics of Elegance: Analyzing Diamond Price Trends
Diamond is a hard material comprising pure carbon atoms arranged in a 3D crystalline structure. It is a hard yet slightly brittle, shiny material having numerous industrial applications. Diamond offers its key features such as its high melting point, which measures around 4000° C, its luster and shine used to make jewellery on a large scale, its excellent thermal conductivity, resistance to electricity, and its stiffness due to C-C covalent bonds which are used on a global scale.
Request for Real-Time Diamond Prices: https://procurementresource.com/resource-center/diamond-price-trends/pricerequest
It occurs naturally and is extracted through mining processes. Mining processes such as pipe mining, open-pit mining, and underground or marine mining are a few methods used to extract Diamonds. However, synthetic, artificial, or lab generated is a common alternative used to produce artificial Diamonds used commercially.
The United States, Hong Kong, and the United Arab Emirates are the key importer countries that import Diamonds. On the other hand, India, Hong Kong, and the United States are the key exporting countries for the same.
Key Details About the Diamond Price Trends:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Diamond price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The diamond price trends, including India Diamond price, USA Diamond price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Diamond Price Trends:
Diamonds are the most demanded as well as one of the most expensive materials, used in the global market for various purposes. It is a highly shiny and lustrous material, which is used as a gem to structure and design a variety of jewelleries. The material is hard yet slightly brittle; hence, it can be crafted and polished accordingly.
Moreover, it is used for grinding and cutting applications of very hard materials such as glass, and it is also used for optical devices such as lasers. Diamonds have very well-bonded carbon atoms, which makes it a hard material to be used for drilling purposes. It is used to drill and grind surfaces in the automotive industries, military troops, and mining sites. A tiny piece of Diamond is added to the drill bit or saw edges while adding a good grip to the tools for cutting hard materials.
Synthetic Diamonds have been in use commercially since 1960. The production of computer chips, constructions, mining services, machinery productions, stone cutting, gem explorations, astronomy, surgery, high-power switches, transistors, several electronic devices, grinding wheels, wire-drawing dies, and drills uses synthetic Diamonds in its production on a large scale.
Key Players:
De Beers Group (Anglo American)
Applied Diamond Inc
Industrial Diamond Laboratories, Inc
Lucara Diamond Corp. (Lundin Group of Companies)
Petra Diamonds Limited
Gem Diamonds
News and Recent Developments
Date: September 2, 2022- A sudden fall in the Diamond exports in India's Diamond market as China and Beijing withdrew their Zero-Covid policy. The market witnessed a decrease of about 13.45% for the first time in 2022.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Chris Byrd
Email: [email protected]
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Address: 30 North Gould Street, Sheridan, WY 82801, USA
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Louis Vuitton Bought the World's Second-Biggest Diamond
Louis Vuitton has just bought the world's second-largest diamond, another sign of the French brand's ambitions in the luxury jewelry market.
The 1,758-carat rough diamond, which was recovered by Lucara Diamond Corp in Botswana last April, is dark in color and about the size of your palm. The mining company named it "Sewelô," meaning "rare find" in the southern African Tswana language.
Lucara and the HB company, a Belgian diamond manufacturer, have now "entered into a collaboration" with Louis Vuitton to polish and manufacture a number of smaller jewels from the Sewelô diamond, according to a press release published Wednesday.
"The purpose of this unprecedented collaboration between a miner, a cutting-edge manufacturer and a large luxury brand will be the planning, cutting and polishing of a collection of diamonds from Sewelô," said the press release, adding that the stone's "full potential" will only be revealed after it has been polished.
The release didn't disclose the value of the agreement, though it revealed that Lucara would receive an up-front payment and keep a 50% stake in the diamonds produced from the uncut stone. A further 5% of the resulting sales will be invested back into Lucara's community initiatives in Botswana, the company said.
"We are delighted to be partnering with Louis Vuitton, the famous luxury house, to transform the historic, 1,758-carat Sewelô, Botswana's largest diamond, into a collection of fine jewelery that will commemorate this extraordinary discovery and contribute direct benefits to our local communities of interest in Botswana," said Lucara CEO Eira Thomas in a press statement.
Louis Vuitton's purchase is just the latest move its parent company, LVMH, has taken into the luxury jewelry market.
The conglomerate also owns Italian jewelry brand Bulgari and watchmakers TAG Heuer and Hublot, and in November, it acquired the iconic New York jeweler Tiffany & Co. for more than $16 billion.
When the Sewelô diamond was discovered last year, it took the title of second-largest in history, ousting the previous holder of the title -- a 1,111-carat diamond, called Lesedi La Rona, that was unearthed rom the same mine in Botswana.
The only larger diamond ever unearthed was the 3,106-carat Cullinan Diamond, discovered in South Africa in 1905. The Cullinan was eventually cut into smaller stones, some of which now form part of British royal family's crown jewels.
The final value of the Sewelô diamond will be dictated by several factors -- not just the size, but also the color, clarity and how it can be cut.
Although Lucara and Louis Vuitton are yet to put a price on the stone, it could be in the tens of millions of dollars, if previous sales are anything to go by. The Lesedi La Rona sold for $53 million to luxury jeweler Graff Diamonds in 2017.
By Jessica Yeung.
#Louis Vuitton Bought the World's Second-Biggest Diamond#Lucara Diamond Corp#Botswana#Sewelô#Sewelô Diamond#luxury#luxury goods#luxury lifestyle#luxury living#billionaire lifestyle#fashion#glamour#treasure#rich#$$$#$$$money$$$
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Sale Record for a rough diamond
813-carat “The Constellation” rough diamond, sold for $63.3 million.
Lucara Diamond Corp.’s revenue and profit soared in the first half of the year due to a record sale of a rough diamond for $63.1 million.
Revenue jumped to $191.4 million in the six months that ended June 30 versus $67.8 million a year earlier, the miner reported. The average selling price surged to $1,233 per carat from $340 per carat, while net income more than quadrupled to $63.3 million. The board declared a special cash dividend of $0.353 (CAD 0.465) per share payable September 15 in addition to the regular payout to investors.
The sales boost came as an 813-carat rough stone, ‘The Constellation,’ fetched $63.1 million, or $77,649 in May, marking the highest price ever achieved for a rough diamond. Lucara’s 1,109-carat ‘Lesedi La Rona’ diamond was expected to sell for an even larger amount at a Sotheby’s auction in London in June but all bids fell short of the reserve price.
Revenue was also lifted by an exceptional stone tender in April where it sold 10 rough diamonds for $51.3 million or $33,632 per carat.
All revenues were from diamonds mined at the company’s Karowe mine in Botswana, which is known for producing large and high-value rough. Operational performance at the mine in the first half was better than forecast, with the deposit yielding 340 “special” stones weighing more than 10.8 carats, including 12 diamonds that were larger than 100 carats each. A project to discover even bigger diamonds is “well advanced” and specialized equipment is currently being made, with commissioning on track for the end of the third quarter. Separately, a “Mega Diamond Recovery” project is on schedule and currently in design stage.
Second-quarter revenue, which included the sale of the Constellation diamond, catapulted to $140.8 million from $38.1 million a year ago and net income increased more than fivefold to $46.1 million. The average selling price surged to $1,824 per carat versus $412 per carat a year before.
Full-year revenue is expected to be $200 million to $220 million excluding the sale of the Constellation. The miner is holding the ‘Lesedi La Rona’ in inventory and considering options for its sale. Production guidance for 2016 is also unchanged at more than 350,000 carats.
Source: Rapaport
Photo: Nemesis International
#The Constellation diamond#rough diamond#lucara diamond corp#813 carat rough diamond#moodelite#MoodEliteJewels
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animated editorial illustration for my class :DD
my article was about Lucara Diamond Corp. and the ownder of the mining company
#editorial#editorial illustration#Illustration#animated gif#animation#gif#my art#my drawing#my illustration#scone draws
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"World ’s second-largest diamond sells for $53 million" has been added to my site. Please visit for details. http://www.stocknewspaper.com/world-s-second-largest-diamond-sells-for-53-million/
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World's third largest diamond unveiled in NYC weighs 1,175 carats
World’s third largest diamond unveiled in NYC weighs 1,175 carats
A Canadian mining company found what’s believed to be the world’s third largest uncut diamond, coming in at a whopping 1,175-carats.
Lucara Diamond Corp., the mining company, and HB Antwerp, a Belgium based diamond manufacturer, showed the stone in New York City on Monday, as reported by Reuters.
The record breaking stone was recovered in June at the Karowe Mine in Botswana, according to a…
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Two Mega Diamonds Unearthed In Botswana
Two Mega Diamonds Unearthed In Botswana
Karowe diamond mine in Botswana has shocked the world with huge diamonds. An enormous 1,174-carat diamond was unearthed in the African country by the mining company, Lucara Diamond Corporation.
In a ceremony on Wednesday, Lucara Diamond Corp., has presented the diamond to the government. Just a few days back a huge 1,098-carat precious stone was discovered in Botswana by a diamond firm, Debswana.…
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Diamond Price Trends: A Reflection of Market Demand & Supply
Diamond is a hard material comprising pure carbon atoms arranged in a 3D crystalline structure. It is a hard yet slightly brittle, shiny material having numerous industrial applications. Diamond offers its key features such as its high melting point, which measures around 4000° C, its luster and shine used to make jewellery on a large scale, its excellent thermal conductivity, resistance to electricity, and its stiffness due to C-C covalent bonds which are used on a global scale.
Request for Real-Time Diamond Prices: https://procurementresource.com/resource-center/diamond-price-trends/pricerequest
It occurs naturally and is extracted through mining processes. Mining processes such as pipe mining, open-pit mining, and underground or marine mining are a few methods used to extract Diamonds. However, synthetic, artificial, or lab generated is a common alternative used to produce artificial Diamonds used commercially.
The United States, Hong Kong, and the United Arab Emirates are the key importer countries that import Diamonds. On the other hand, India, Hong Kong, and the United States are the key exporting countries for the same.
Key Details About the Diamond Price Trends:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Diamond price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Diamond Price Trends, including India Diamond price, USA Diamond price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Diamond Price Trend:
Diamonds are the most demanded as well as one of the most expensive materials, used in the global market for various purposes. It is a highly shiny and lustrous material, which is used as a gem to structure and design a variety of jewelleries. The material is hard yet slightly brittle; hence, it can be crafted and polished accordingly.
Moreover, it is used for grinding and cutting applications of very hard materials such as glass, and it is also used for optical devices such as lasers. Diamonds have very well-bonded carbon atoms, which makes it a hard material to be used for drilling purposes. It is used to drill and grind surfaces in the automotive industries, military troops, and mining sites. A tiny piece of Diamond is added to the drill bit or saw edges while adding a good grip to the tools for cutting hard materials.
Synthetic Diamonds have been in use commercially since 1960. The production of computer chips, constructions, mining services, machinery productions, stone cutting, gem explorations, astronomy, surgery, high-power switches, transistors, several electronic devices, grinding wheels, wire-drawing dies, and drills uses synthetic Diamonds in its production on a large scale.
Key Players:
De Beers Group (Anglo American)
Applied Diamond Inc
Industrial Diamond Laboratories, Inc
Lucara Diamond Corp. (Lundin Group of Companies)
Petra Diamonds Limited
Gem Diamonds
News and Recent Developments
Date: September 2, 2022- A sudden fall in the Diamond exports in India's Diamond market as China and Beijing withdrew their Zero-Covid policy. The market witnessed a decrease of about 13.45% for the first time in 2022.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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BOTWANA RECUPERA DIAMANTE DE MAIS DE 1000 QUILATES
BOTWANA RECUPERA DIAMANTE DE MAIS DE 1000 QUILATES
A empresa minera de diamantes,Lucara Diamond Corp, anuncia, ter recuperado um diamante de 1.174,76 quilates da sua mina de Karowe, no Botwana.
Trata-se dum terceiro diamante com mais de 1.000 quilates a ser recuperado no lobo sul do kimberlito AK6.
By Osvaldo Contreiras
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Botswana renews Canadian mining company’s licence
Botswana renews Canadian mining company’s licence
Gaborone, Jan. 5, 2021 Botswana has renewed a mining licence for Karowe Mine, owned by Canadian miner, Lucara Diamond Corp.
Lucara is currently a leading independent producer of large good quality Type IIa diamonds from Karowe Mine in Botswana
“The renewal of Mining Licence No 2008/6L in respect of its AK06 (Karowe) Mine has been approved by Botswana’s Minister of Mineral Resources, Green…
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Un diamante de 998 quilates fue hallado en Botsuana, convirtiéndose en una de las cinco piedras preciosas más grandes jamás desenterradas. Lucara Diamond Corp., una pequeña minera canadiense anunció que ha recuperado unos de los diamantes más grandes de la historia reciente, en su mina Karowe en Botsuana, al sur de LEE MÁS: https://www.mysteryscience.net/descubren-uno-de-los-diamantes-mas-grandes-historia/
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Louis Vuitton annuncia la scoperta di un diamante grezzo da 549 carati A meno di un anno dall’acquisto di Sewelô, il secondo diamante grezzo più grande al mondo (1758 carati), Louis Vuitton annuncia una nuova scoperta fatta in collaborazione con Lucara Diamond Corp.
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Gemstones Market Revenue to Decline During Coronavirus Disruption, Stakeholders to Realign Their Growth Strategies
FMI’s recent market study titled ‘Gemstones Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2026’ comprises a comprehensive assessment of the key market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the gemstones market, the growth prospects of the gemstones market have been obtained with maximum precision. The report features the unique and salient factors that are likely to have a significant impact on the development of the gemstones market during the forecast period.
The report intends to help market players modify their manufacturing and marketing strategies to envisage maximum growth in the gemstones market in the coming years. The report provides detailed information about the current and future growth prospects of the gemstones market in the most comprehensive manner for the better understanding of readers.
Request Report Sample@https://www.futuremarketinsights.com/reports/sample/rep-gb-9459
Chapter 1 – Executive Summary
The report commences with the executive summary of the gemstones market, which includes a summary of the key findings and statistics. It also includes the market value (US$ million) estimates of the prominent segments of the gemstones market.
Chapter 2 – Market Overview
Readers can find detailed taxonomy and definitions pertaining to the gemstones market in this chapter, which will help them understand the basic information about the market dynamics, company share, cost structure, pricing analysis, list of key distributors & suppliers, and a list of the key participants in the gemstones market.
Chapter 3 – Global Gemstones Market Analysis 2013–2017 & Opportunity Assessment 2018–2026 by Product Type
Based on the product type, the gemstones market has been segmented as diamond, emerald, ruby, sapphire, alexandrite, topaz, and others. In this chapter, readers can find information about the key trends and developments in the gemstones market and market attractive analysis based on the product type for each region.
Chapter 4 – Global Gemstones Market Analysis 2013–2018 & Opportunity Assessment, 2019–2027 by Product Format
Based on the product format, the gemstones market has been segmented into natural and synthetic. In this chapter, readers can find information about the trends and developments in the gemstones market and market attractive analysis based on the product format for each region.
Chapter 5 – Global Gemstones Market Analysis 2013–2018 & Opportunity Assessment, 2019–2027 by End-Use
Based on the end-use, the gemstones market has been segmented into jewelry & ornaments and luxury arts. The jewelry & ornaments segment is sub-segmented into bangles, necklaces, pendants, earrings, rings, anklets, and brooches. In this chapter, readers can find information about the end-use trends and developments in the gemstones market and market attractive analysis based on the end-use for each region.
Chapter 5 – North America Gemstones Market Analysis 2013–2017 & Opportunity Assessment, 2018–2026
This chapter includes a detailed analysis of the growth of the North America gemstones market, along with a country-wise assessment for the U.S. and Canada. Readers can also find information about the regional trends in the gemstones market, along with regulations and company share analysis and market growth on the basis of product type, product format, end use, and country.
Chapter 5 – Latin America Gemstones Market Analysis 2013–2018 & Opportunity Assessment, 2019–2027
Readers can find detailed information about factors such as gemstones pricing analysis and regional trends that are impacting the growth of the Latin America gemstones market. This chapter also includes the growth prospects of the gemstones market in prominent LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Chapter 6 – Europe Gemstones Market Analysis 2013–2018 & Opportunity Assessment, 2019–2027
Important growth prospects of the gemstones market, based on product type, product format, end use, and country, in several European countries, such as Germany, the U.K., France, Italy, Spain, Russia, and the rest of Europe, have been included in this chapter.
Chapter 7 – Asia-Pacific Gemstones Market Analysis 2013–2017 & Opportunity Assessment, 2018–2026
China is a prominent country in the Asia-Pacific market. Thus, it is among the prime subjects of assessment to obtain the growth prospects of the Asia Pacific gemstones market. In this chapter, readers can find detailed information about the growth parameters of the Asia-Pacific gemstones market for the period 2018–2026.
Chapter 8 – MEA Gemstones Market Analysis 2013–2017 & Opportunity Assessment, 2018–2026
This chapter provides information about how the gemstones market is expected to grow in the major countries of the MEA region, such as GCC Countries and South Africa, during the period 2018–2026. Readers can find important factors that are estimated to have a significant impact on the growth of the gemstones market in MEA during the forecast period. This chapter also provides an overview of the regulations, drivers, restraints, and trends prevalent in the MEA gemstones market.
For any queries linked with the report, ask an analyst@https://www.futuremarketinsights.com/ask-question/rep-gb-9459
Chapter 11 – Competition Landscape, Company Share, and Company Profiles
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the gemstones market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the gemstones report include ALROSA, Anglo American PLC, Rio Tinto Diamonds, Dominion Diamond Corporation, Gemfields Group Ltd., Petra Diamonds Limited, Rockwell Diamonds Inc., Gem Diamonds Limited, Swarovski Group, Debswana Diamond Company (Pty) Limited, Lucara Diamond Corp., Botswana Diamonds P.L.C, Fura Gems Inc., Mountain Province Diamonds Inc., Pangolin Diamonds Corporation, Stornoway Diamond Corporation, Arctic Star Exploration Corp., Trans Hex Group Ltd., Merlin Diamonds Limited, KGK Group, Pala International Inc., and MIF Gems Co Ltd.
Chapter 12 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.
Chapter 13 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, important qualitative information, and quantitative information about the gemstones market.
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@louisvuitton recently purchased the world’s second-largest diamond, signaling the French fashion house’s interest in the high-end jewelry market. The 1,758 rough diamond was originally recovered by Lucara Diamond Corp last April in Botswana. The palm-sized rock has been nicknamed “Sewelo” or “rare find” in the southern African Tswana language. Company is yet to put a price on the diamond yet. For more updates follow @kninevox Visit kninevox.com for latest news. https://www.instagram.com/p/B7ixrylAJAx/?igshid=16r9lgtes81qj
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Louis Vuitton snags world’s second-largest rough diamond
The fashion house announced a deal with Lucara Diamond Corp., which unearthed the 1,758-carat Sewelô diamond from a mine in Botswana last April."Louis Vuitton snags world’s second-largest rough diamond" via FOX BIZ https://ift.tt/2NDi1np
from Blogger https://ift.tt/30CukWn
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