Diamond News Archives
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(IDEX Online) - Australian miners Lucapa hopes to resume operations at its Mothae mine, in Lesotho, which has been closed since March because of the COVID-19 pandemic.
"The Mothae diamond mine is an important contributor to the Basotho nation and Lucapa's strong marketing proposal, we believe, will see the full value of the Mothae kimberlite mine unlocked," said CEO Stephen Wetherall in a statement.
Lesotho, a landlocked kingdom encircled by South Africa, remained free of coronavirus until mid-May but currently has 718 cases and has recorded 19 deaths.
The government holds a 30 per cent stake in Mothae (pictured), which is currently on care and maintenance. Lucapa has submitted a marketing proposal and is offering off-take provisions in the hope it can restart the mine....
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(IDEX Online) - The IDEX Polished Diamond Price Index was flat throughout July, closing just a fraction up on the start of the month. It rose by 0.29 per cent, compared with a slight fall of 0.35 per cent in June. May was another straight-line month, down by a negligible 0.04 per cent. The index rose by 0.7 per cent in April, prompting hopes of a post-COVID recovery, but there has been little positive movement since then.
IDEX Online members please click here[1] for the full report...
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Prices for round polished diamond were largely static for the "bread and butter goods" - sizes between 0.70-1.99 cts - in July. Fancies under four carats sustained a number of losses. There wasn't a single movement among one-carat rounds (1.00-1.24 cts) and slightly larger and smaller stones - 0.90-0.99 cts and 1.25-1.49 cts - barely moved. But there were discernible trends among some other sizes.
HIGHLIGHTS
ROUNDS
0.50-0.69 ct. D / VVS2-VS3 +4%, E-H / I2 +2.5-3.5%
1.00-1.24 ct. No change
2.00-2.99 ct. M / VVS -3%, K-L / I2 -2-3%
FANCIES
0.70-0.79 ct. K-L / VS1 -2.5-3%, G-H / SI2 -3-3.5%
1.00-1.24 ct. H-I / I1 -3%
4.00-4.99 ct. D-F / VVS1 +1-3%, H-I / I1 +2-4%
IDEX Online members please click here[1] to read the full report....