Angola’s Lulo Mine’s Diamond Sales Drop

Lucapa Diamond Company, overseeing Angola’s Lulo mine, recorded a $14.6 million decline, representing a 43% drop in diamond sales this quarter. Also, diamond production saw a 20% cut. As a result, dividends plummeted over 50% to $9.1 million. Yet, there’s a silver lining. Lucapa has kept 2,300 carats in stock and is planning to sell […]

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