Category: Mining

Production up 11% year on year in first quarter.
Output up 8% at 15.2 million carats.
Diarough and Pluczenik will provide funding in return for a share, insiders say.
Company incurred value markdown of $74 million on property, plant and equipment in 2025.
Increased sales volume and stronger product mix, including 42-carat blue, drive rise.
Miner uses part of funds to pay off previous loan.
Company will continue to manufacture and sell output through at least the end of 2026.
Demand uneven, skewing away from lower-quality, smaller goods.
Average value per carat down 21% to $1,105.
Mining company is also collaborating with regional leadership on a training program for careers in the industry.

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