Country overtook Botswana in 2023.
Company is making cuts in response to losses from prolonged industry downturn.
Not even half of diamond and gemstone pieces on offer sold at first Sotheby’s sale in country.
Indian company noted “healthier” growth in gem-set pieces during third quarter.
Figure up 11% year on year in fourth quarter.
Sharp revenue decline in key region contributed to 15% overall drop for 2024.
Community leaders have created barriers at all site entrances and made a “series of unreasonable demands,” according to Lucapa.
Government also cuts duties on platinum and jewelry parts.
Parties will sign agreement after final government approval, until which the terms of the existing contract will remain in place.
Vice chairman John Hall will once again take over until a new head can be found.
US downturn was first in six months, while Hong Kong, China and Japan all noted decreases.