Lucara Extends Supply Agreement With Belgian Firm
Monday, April 12, 2021
Large, high value diamonds in excess of 10.8 carats in size account for approximately 70% of the diamond producer’s annual revenues.
Lucara Diamond chief executive officer, Eira Thomas, said under the terms of the supply agreement with HB, which has been extended to December 2022, the purchase price paid for each +10.8 carat rough diamond is based on the estimated polished outcome.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....