Why diamond miners were hit harder by COVID-19

By Kitco News / August 05, 2020 / www.kitco.com / Article Link

Aug 07, 2020 Guest(s): Eira Thomas CEO, Lucara Diamond

COVID-19 was particularly disruptive to diamond miners, noted CEO of Lucara Diamond (TSE:LUC), Eira Thomas, who spoke to Kitco on Thursday.
The diamond supply chain has a lot of physical touchpoints, such as auctions and physical retail stores.
"Like a lot of luxury products, there was real limitations on moving diamonds around the world. People going to tenders to purchase diamonds are the traditional way that the diamond supply chain has worked," said Thomas.

Recent News

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com

Rise in gold stocks propels TSXV Mining

August 25, 2025 / www.canadianminingreport.com

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok