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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Metals & Mining Industrial Metals & Minerals
Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration license in Botswana. It is an independent producer of large Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine is the focus of the Company's operations and development activities. Its 100% owned Karowe mine is a producer of large Type IIA diamonds, more than 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813-carat Constellation.


TSX:LUC - Post by User

Lucara Diamond Corp
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(12)
•••
Post by Dickscheffler62on Nov 12, 2019 3:26pm
115 Views
Post# 30341636

Signs of Improvements ? not so much

Signs of Improvements ? not so much

In Q3 (not for the year) Alrosa's average price for Gem quality diamonds plunged 32% 
https://www.diamonds.net/News/NewsItem.aspx?ArticleID=64361&ArticleTitle=Alrosa%2bProfit%2bDrops%2bin%2bThird%2bQuarter


"De Beers sightholders Embracing Synthetics" 
A significant number of De Beers’ approximately 80 sightholders are already trading in synthetics or considering doing so, market consultants told Rapaport News. Many of them are focusing on the engagement-ring market. 
"Margins on Synthetics are better than Natural"
https://www.diamonds.net/News/NewsItem.aspx?ArticleID=64308&ArticleTitle=De%2bBeers%2bSightholders%2bEmbracing%2bSynthetics


"Alrosa Launching Digital Diamond tenders with use of Sarine technology"
How long before it all goes online and then there is Clara #2 but owned by the biggest diamond company in the world. hmm. Bet it wont take them 3 years to ramp that one up.
https://www.diamonds.net/News/NewsItem.aspx?ArticleID=64366&ArticleTitle=Alrosa%2bLaunches%2bDigital%2bTenders%2bwith%2bSarine%2bTech

If prices are plunging every quarter and De Beers sightholders themselves are switching to synthetics FOR ENGAGEMENT RINGS I would say the entire industry is about to be destroyed. Make your own decision. The writing is on the wall....and everywhere to be honest. 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities