Karowe Mine pushes Lucara revenue up 20%

Lucara Diamond Corp. reported that revenue rose 20 percent year-on-year to $70.5 million in the fourth quarter of 2014, even as the rough market softened during the period.

Diamond sales grew due to higher prices despite a 6 percent drop in the volume of diamonds sold to 104,405 carats.

The company stated that the average value of its rough diamonds increased 56 percent to $675 per carat. All of Lucara’s diamonds came from Karowe mine in Botswana, which is the company’s sole producing mine.

Editor's Comment
GBV: The big elephant in the room

Sadly, the country seems not to have proper tools and the extent to which women and the girl-child are being abused is not adequately measured.Almost every week there are reports of women being attacked by their significant others and while men are attacked as well, women seem to be more on the receiving end.On May 24, 2023 news broke that a woman who was receiving support from the Botswana Gender-Based Violence Prevention Centre in Gaborone, was...

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