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Diamond News Digest
Saturday 16 December 2017
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The egg-sized, 709-carat rough yellowish diamond was sold for $6.5 million to luxury jeweller Laurence Graff, chairman of Graff Diamonds.

"The lower number of carats tendered and sold is attributable to a reduction in the volume of material being processed," the company revealed.

The RJC conducted a months-long sustainability audit.

Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.

The country’s Ministry of Mines and Energy has renewed the Canadian miner's licence for ten years.

Diamond giant is investing in an open platform that will allow tracing a rock throughout the entire value chain — from mine to buyer.

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

The other four other stones of the collection were sold at an average premium of 30%.

Peregrine Diamonds also found a very rare green diamond at the site.

Brazil’s lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country’s current mining law.

More than 130 potential buyers have already registered to participate in Wednesday’s online sale of the five-diamond collection, which includes the giant 51.4-carat Dynasty.

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.

Company says move paves the way for a lower-cost operator to take the diamond mine beyond 2020, when it is scheduled to close.

They claim it won’t be possible to cut costs enough to offset the higher levies, and warn that some miners may need to pass on this new cost increase to the industrial production chain.

It's a high quality 202-carat, D colour type IIa rock found at Letšeng mine, the world’s highest dollar per carat kimberlite diamond operation.

The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.

A diamond necklace owned by the late actress Zsa Zsa Gabor is expected to sell for between $1.2 and $1.5 million at auction.

It's the eighth diamond of over 100 carats recovered this year, and the seventh in just 2.5 years of commercial mining.

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

The commerce department has sought to scrap levies and introduce a presumptive tax of 0.25 percent on diamond mining companies.

The oval stone, set in a ring embellished with smaller diamonds, sold after a three-minute contest. It was estimated to sell for as much as $42 million.

Despite possible breach of banking agreements, company execs believe finances will improve following lift of Tanzanian export ban.

Debmarine Namibia, a 50/50 joint venture between the country and De Beers Group, tis planning for the construction of the world’s largest custom-built diamond mining vessel.

With global diamond demand forecast to grow at approx 3.5% annually over next five years, a supply gap down the line seems inevitable if forecasts hold.

It'll be known as Diamond Fields Resources, and he new trading symbol is "DFR".

Visitors to the Natural History Museum of Los Angeles (NHMLA) will have a rare opportunity to see some of the world’s most coveted natural fancy color diamonds at Green Diamonds: Natural Radiance, opening on December 9, 2017.

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