An over 1,000-carat uncut stone by Lucara Diamond is pictured during a press availability in New York City, New York, U.S., September 20, 2021.
Lucara Diamond said on Thursday it had ended its agreement with HB Trading BV, a unit of HB Antwerp, following what it called "a material breach of financial commitments by HB".
Diamond processor and trader HB Antwerp earlier this month removed one of its three co-founders, Oded Mansori, from management following differences over strategy.
Mansori, who co-founded HB Antwerp in 2020 with partners Shai de Toledo and Rafael Papismedov, said he was taking them to court over his removal.
HB and Lucara first entered into a diamond sales agreement in 2020, which was extended for 10 years in 2022.
Persons:
Lucara Diamond, David, Dee, Delgado, Mokgweetsi Masisi, Masisi, Oded, Shai de Toledo, Rafael Papismedov, Lucara, Brian Benza, Nelson Banya, Mark Potter, Jan Harvey
Organizations:
REUTERS, Rights, HB Antwerp, HB Trading, HB, Okavango Diamond Company, Lucara, Thomson
Locations:
New York City , New York, U.S, Rights GABORONE, Belgian, Botswana