After just three minutes of bidding, the final price was $22,090,000, including the buyer's premium.
The Dubai Diamond Exchange, a DMCC initiative, is planning to hold three seminars on diamond financing this year, underscoring the growing importance of the issue for the global diamond industry.
The global miner trimmed its forecast from 32m-34m carats to 30m-32m because of “current trading conditions”.
The gem will be sold along with two other greater than 100 carat diamonds, also recovered at Lucara's Karowe mine.
The miner also said that revenue from rough diamond sales was set to reach at least $1.1 billion, even though its first-quarter rough diamond prices dropped by 3%.
A team of Australian scientists have, for the first time, identified the exact source of diamond-bearing rocks known as orangeites.
The flawless, 100-carat diamond could fetch up to $25 million when it goes under Sotheby's hammer in New York on Tuesday
Director of $1bn fund discusses Denham's unique approach, the vibrant parts of the M&A market and what juniors should do to attract capital.
The accident occurred on Thursday night at Kahama district, Shinyanga region, near Acacia Mining's licensed Bulyanhulu gold mine.
It's the largest diamond Lucapa has recovered in Lulo since the mine began commercial operations in January.
The event will highlight one of the most pressing issues affecting the global gems trade.
This $54,000 Cipollini bike features 40 grams of 18-carat gold, 122 grams of platinum, and 17 carats of black and white diamonds.
The lawmakers voted 22 to 16 to strengthen a draft law requiring importers, smelters and refiners to certify their goods are conflict-free.
The Second Dubai Diamond Conference will be held April 21-22.
The gang members, dressed in fluorescent vests and hard hats, calmly carried bags and wheeled garbage bins into a high-security storage facility in London's diamond district.
Quebec's $1 billion Capital Mines Hydrocarbures fund is close to buying equity stakes in mining projects outside iron ore worth as much as $200m a shot.
Mining is one of the leading sectors in Tanzania, with the value of mineral exports increasing each year.
The Second Dubai Diamond Conference, being held April 21-22, will discuss one of the most topical issues in the global diamond business: synthetic diamonds.
Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.
The purchase extends a successful ten-year Duratray relationship with large open pit diamond mines.
The four-year-long bear market in metals stocks has resulted in an historic opportunity for investors, says Rick Mills, the owner and host of Ahead of the Herd.com.
Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.
The Diavik mine produces predominantly gem quality diamonds, destined for high end jewellery in all major consumer markets around the world.
The SEC said a rule requiring energy and mining companies to disclose payments to governments for the extraction of natural resources won't come until —at least— spring 2016.
The main point of contention is the fact that mining companies believe that once they reached a 26% black ownership, they effectively complied, no matter where the percentage is at now.
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