Currently viewing Global edition

Lucara sees revenue fall 82% in Q2

Africa-focused Lucara Diamond saw revenues fall 82% year-on-year in the June quarter after the company decided to hold back the sale of larger stones as the pandemic heaped further uncertainty onto an already weakened global diamond market.

Lucara sees revenue fall 82% in Q2 Lucara sees revenue fall 82% in Q2 Lucara sees revenue fall 82% in Q2 Lucara sees revenue fall 82% in Q2 Lucara sees revenue fall 82% in Q2

Lucara's Karowe openpit diamond mine in Botswana

Lucara's Q2 revenue of US$7.5 million came via the sale of stones smaller than 10.8 carats.

The company decided in March not to tender any diamonds in excess of that size, instead agreeing to sell

topics

loader