Russia to continue buying diamonds through state fund in 2025
The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.
Canada’s Lucara Diamond (TSX: LUC) completed a $24.85 million tender Wednesday for 15 single stone lots, including $5.75 million for a 239 carat rough stone.
Four other rough diamonds sold for more than $2.5 million. For the whole sale, the average price was $30,468 per carat. All the gems came from its Karowe mine in Botswana.
The company said it was “ecstatic” with the results especially since the mine was in its first year of production, adding the sale validated the quality of the diamonds it’s recovering.
Lucara said it has extracted more large stones and it may hold another tender later in the year.
2 Comments
Ramzi
Seriously …
i wonder if u r interested in a rough stone,,,
Mamady Konate
Dear Madam/Mr,
We are looking for partner in building a local mining company or serious cash buyers of Au Gold and rough/uncut Diamonds, my father and others are local sellers and miners of Gold and Diamonds here in Guinée, they want to get money to help our families as you know here in Africa we have many people in our families, they are counting on some people who went to school to help them but these people just want to steal their products even the government promised to help our community but since my father gave them products they’ve been just telling story every day, every time. This is the reason why our community decided to contact the good people.
Due to the way they are mining their products many people are trying to teach them because they don’t know the world market even some mandates and buyers rep have come and carried their products on credits and they have never come back to pay their money. So right now i want to get them serious people who can help them to sell their products following the market. At the moment they have GOLD DUST/BARS and ROUGH/UNCUT DIAMONDS in large quantities for sale at cheap price.
They need people like you, people over there to help them develop their goal, so that they can help our community, because people sicks and dies because no money. They have the products but they are very poor here because of the way the government and some people are treating them, they want serious buyers to be their eyes and mouths,they are ready to give you goods if you are serious and ready to open a local mining company with them to work together and help them and you in mutual benefit or help them buy their products so that they can at least buy mining equipments such as, bulldozers, tractors, excavators, wheel loaders, backhoe loaders, motor graders, dump trucks, crushing equipment, and etc as we need to enhance our mining productivity. We will give you good price far below the word market price.
Hope to hearing from you soon.
Thank you,
Mr Mamady Konaté
Community representative
Siguiri Gold and Diamond local
mining community company,
BP:3005, Siguiri, Republue de Guinée
E-mail: [email protected] / [email protected]
Tel: +224657629251