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Lucapa Diamond Company Ltd sold US$2 million worth of diamonds from the Mothae kimberlite mine in Lesotho, reflecting continued demand despite uncertainties arising from the global spread of Covid-19.
The goods, totalling 3,963 carats, were traded under a cutting and polishing partnership with a major diamantaire for US$505 per carat.
Stephen Wetherall, managing director of Lucapa, commented, “Despite the current macroeconomic uncertainty brought about by Covid-19 hindering the marketing of diamonds and prices generally, it was pleasing to still see some demand for the higher-quality Mothae-type production.”
Under the agreement, Mothae will receive the rough price upfront and following accounting for the procurement...
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