This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was a positive 88-85-127 as the TSX Venture Exchange stumbled 13 points to 689 and polished diamond prices were flat. Rough diamond prices were unchanged last week, according to diamantaire Paul Zimnisky's global rough diamond price index. That index has essentially been flat since the COVID-19 pandemic carried it over a cliff in March, dropping 12 per cent in a few weeks from prices that were already well below their highs of 2011. Rough diamond prices -- if one can find a buyer -- are now about 35 per cent below their 2011 high.
Lukas Lundin and Eira Thomas's Lucara Diamond Corp. (LUC), up one cent to 59 cents on 315,000 shares, has a new avenue to sell diamonds. The company, which has been diverting a modest trickle of gems to its Clara online sales platform, in addition to holding scheduled tenders of run-of-mine production in Gaborone, Botswana, now has an agreement through which Antwerp-based HB Group will sell all the company's diamonds larger than 10.8 carats produced at the Karowe mine in Botswana.
The remainder is available to Stockwatch subscribers.
© 2020 Canjex Publishing Ltd. All rights reserved.