the monitor

Lucara revenues defy market downturn

Monday, November 20, 2023 | 410 Views |

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Search continues for Maun boy feared to have been taken by a crocodile

Larona Makhaiza | 12 h ago

Inimba Gets the Nod for Season 2 on Mzansi Magic

correspondent | 16 h ago

Peace conference addresses growing list of social ills

Laone Choeunyane | 19 h ago

GAYO Botswana and BA ISAGO University Forge Major Partnership to Advance Climate Education and Youth Leadership

correspondent | 19 h ago

Pastor accused of defiling Teen during counselling session

Larona Makhaiza | 19 h ago

FIFA World Cup draw – The countdown begins!

correspondent | 22 h ago

DIS Director's daughter rape case stalls

Larona Makhaiza,Opelo Rakereng | 22 h ago

Main Mall’s resilience, sturdiness in the face of stiff competition

Ryder Gabathuse | 28 Nov 2025

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More