Lucara sales offer glimmer of hope to struggling diamond sector
Lucara's Karowe mine in Botswana generated $41.3 million in revenue, a 7% increase from the same period last year.
Russia is the world’s largest source of rough diamonds. In 2010, it accounted for 23.5% of the total diamond production in terms of volume, and 25% in terms of value.
New analysis from Frost & Sullivan, Outlook of the Russian Diamond Market, finds that the market earned revenue of $4.79 billion in 2010 and is estimated to reach $5.74 billion in 2015. Deployment of modern equipment will be essential for productive outcomes in mining low-grade ore.
