Lucara revenues defy market downturn

Naseem Lahri PIC: PHATSIMO KAPENG
Naseem Lahri PIC: PHATSIMO KAPENG

Lucara Diamond Corp’s sales for the third Quarter of 2023 have defied dampened diamond market expectations, as they realised a 14% uptick in sales compared to the same quarter last year.

The company said for the quarter ending September, its sales picked to $56.9 million outperforming market expectations that diamond revenues will sink due to a subdued diamond market.

A quarterly report released by the Canadian company noted that the strong financial performance is a derivative of infused operational efficiency that has allowed the diamond miner to cut down on costs while enhancing productivity. “The third quarter results for the company were very good when considering market dynamics and the current state of the diamond sector.

Editor's Comment
Respect public institutions Mr Pres

Leaders must uphold the rule of law and ensure justice, but Masisi’s remarks raise serious concerns on the separation of powers and the independence of the justice system.Masisi’s claim that he personally instructed authorities not to handcuff Khama, regardless of the legal circumstances, undermines the principles of justice and equality before the law.As Head of State, Masisi should respect the judicial process and avoid interfering in...

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