Angolan Mining Oil & Gas

Lucara Diamond Corp.’s revenue surged in 2024, driven by the sale of two massive rough diamonds from its Karowe mine in Botswana, which collectively fetched $54 million. Annual revenue rose 18% to $203.9 million, with sales volume increasing 5% to 399,215 carats, the company reported Friday. The higher revenue was attributed to a greater proportion of high-value stones, including the 549-carat Sethunya and the 1,080-carat Eva Star. Lucara posted a $39.9 million profit, a sharp

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De Beers Jewellers has rebranded as De Beers London, reinforcing its identity in the high-end luxury market and highlighting its connection to the British capital, a global hub for fashion and luxury. Announcing the change in a LinkedIn post last week, the company emphasized that the rebrand also strengthens its position as the only luxury jewelry house with direct access to natural diamonds from the source. This move, De Beers stated, is a key step

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De Beers Group has introduced its DiamondProof device at select retail stores, offering rapid and reliable verification of natural diamonds. The device distinguishes natural diamonds from lab-grown alternatives and simulants by detecting unique chemical signatures, the company announced Monday. Already in use by major jewelry retailers, DiamondProof debuted in the U.S. following its unveiling at the JCK show in Las Vegas last June. Designed for use at retail counters and back offices, the device delivers

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