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Diamond News Digest
Tuesday 27 June 2017
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Here are the top 10 diamond mines in terms of output in carats and value.

Gemfields has been at the centre of a bidding war between the South African private equity group and Fosun Gold, a unit of Fosun International.

South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.

The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”

The miner's Jubilee pipe is famous for its large finds.

Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De Beers.

It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.

Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.

The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

TSX and NASDAQ-listed company said it unearthed two gems, one at 53.9 carats and the other at 84.65 carats, from Gahcho Kué in April.

Company called Pallinghurst Resources' bid “derisory”, adding it "clearly undervalues" the firm.

Ratings agency Moody's warned on Wednesday that new regulations seeking to accelerate black ownership in South Africa's mining industry would deter investment, raise costs and diminish cashflow generation.

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2017.

World leading diamond mining company looks to grow with DMCC and Dubai

Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month, when the exceptional polished stones auction is held on 29 June.

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