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Diamond News Digest
Friday 20 October 2017
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The Singapore Diamond Investment Exchange (SDIX) has launched a new investment-grade, standardized diamond product to rival gold as a safe-haven asset.

Over 50% of the proceeds will be used to fund clean water, electricity, school, medical facilities, bridges and roads, none of which are currently available in the village of Koryardu, where the diamond was found.

The world’s largest diamond producer by value offered less precious stones, in line with its policy of trying to match sales to demand.

Deal allows the Stellar to focus on its bigger Tongo-Tonguma project in Sierra Leone, which would be the country's second largest diamond mine ever.

The company says that labour disruptions in South Africa and the confiscation of a parcel of diamonds by the Tanzanian government are to blame.

The 709-carat rock is the second-largest ever found in the West African nation.

It's a 134 carat gem-quality light yellow diamond recovered at the company's its Liqhobong mine.

Sampling work at Ontevreden, part of the Vutomi joint venture, seems to prove the presence of high-grade kimberlite pipes.

Company reached wage agreement with the main union at two of its mines in South Africa. Workers will return to work on Friday.

Discovered in February last year in eastern Angola, the 404.20-carat rough diamond was also the largest found so far in the southern African country.

Scientists say that under the peculiar conditions present deep in the Earth's mantle, iron carbonates can play a role in forming diamonds.

Stock closed 12.2% higher at 64.80p, after it had fallen on Tuesday to its lowest since late 2015.

London-based Graff Diamonds paid nearly $47,777 per carat

It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.

Russian miner is currently trying to decide on whether to sell the 27.85-carat rock as a rough diamond, or cut and polish it.

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

Transaction gives the US-based buyer full ownership of Canada’s Ekati diamond mine and a 40% stake in Diavik, which is operated by Rio Tinto.

Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.

Finding follows the recovery of five other diamonds of over 100 carats so far this year at the company's flagship Letšeng mine, in Lesotho.

The Africa-focused diamond miner said that would likely happen unless it solves its issues with the government of Tanzania.

Results will be announced on October 30.

New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has paid US$150,240 to the Sierra Leone Environmental Agency for the Tongo Environmental Licence.

The National Union of Mineworkers said on Thursday its members would go on an indefinite strike at the mine over wages, benefits.

The largest collection of exquisite fancy coloured diamonds and diamond jewellery ever publicly exhibited in the Southern Hemisphere is being showcased across Australia by iconic Australian jeweller Linneys.

There are plans to remove a total of 75,000 tons of ore from the new deposit before the end of the year.

Over the last nine years 66 record-breaking and other noteworthy diamonds were recovered, and 61 of those have been found within the last five years.

Katie Fergusson: "As Head of Social Impact, I feel privileged to be leading De Beers Group’s work on women and girls empowerment, including on diversity and inclusion."

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