ASX-listed Lucapa Diamonds’ continued focus on operational and productivity improvements and reductions in operating costs at the Mothae mine, in Lesotho, and the Lulo mine, in Angola, enabled it to deliver robust results for the quarter ended September 30, despite the headwinds facing the diamond sector, MD Stephen Wetherall said on Thursday. “The decline in global rough diamond demand throughout 2019, brought about by factors including macroeconomic uncertainty, rising inventories and liquidity issues in the midstream, has impacted on the revenues of all diamond producers and on industry sentiment.
