De Beers Mining News

De Beers ready to begin South Africa’s Voorspoed mine closure

The failed plan was to find an operator with a lower cost structure or a different mining approach that would be able to take over and extend Voorspoed’s life.

De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades

Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time.

De Beers buys Canada’s Peregrine Diamonds for $81 million

Canadian firm is the sole owner of the Chidliak diamond project in Nunavut.

De Beers just sold 34 million rough diamonds more than last year

The $575-million figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month.

Rapaport says De Beers destroying transparency in the diamond industry

The Rapaport Group says the world's largest diamond miner does not allow clients to disclose the source of their gemstones, except with De Beers' prior written consent.

Mountain Province finds 95-carat diamond in Canada’s far north

The white octahedron of "top clarity" is the largest gem quality diamond and fourth largest stone ever recovered at the company's Gahcho Kué mine, located in Canada’s Northwest Territories.

World’s largest diamond miner De Beers to sell synthetic stones

After vowing for over a century it would never sell stones made in laboratories, De Beers will start doing so in September.

World's No. 1 diamond jewellery retailer joins De Beers tracking pilot

Signet Jewelers is the first diamond ornaments maker to join De Beers-led blockchain pilot program, Tracr.

Global consumer demand for diamond jewellery hits new record high of US$82 billion

An increase in self-purchase of diamond jewellery helped drive demand, representing 33% of total US diamond jewellery pieces acquired in 2017.

Mountain Province hires former De Beers financial chief as president and CEO

Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.

De Beers tracks first 100 diamonds through supply chain using blockchain

The world’s largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.

Alrosa to acquire one of the world’s largest diamond polishing firms

Russia's Kristall cuts around 300,000 carats annually and generates revenue of around $200 million.

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

De Beers launches Sierra Leone-based pilot to remove ‘conflict diamonds’ from the market

The world’s top diamond miner will train artisanal and small-scale miners and provide them with tablets as well as a diamond “toolkit” to digitally track their stones throughout the supply chain.

De Beers is said to lift diamond prices for second straight sale

The company raised prices a similar amount in its previous sale at the end of February.

De Beers, Mountain Province go after Kennady Diamonds to expand joint Canadian mine

The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.

Global diamond supply expected to decrease this year

Paul Zimnisky, an independent diamond industry analyst, estimates supply will fall 3.4% to 147 million carats.

Lucara Diamond names new CEO, invests in digital sales platform

Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain.

De Beers diamond output to peak this year thanks to Gahcho Kue

The unit of Anglo American intends to mine as much as 36 million carats this year, up from 33.5 million in 2017.

De Beers’ Namibia venture puts mine up for sale, at least 130 jobs to go

Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.

Sotheby’s expects over $33 million for world's largest, rarest, flawless round diamond

The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.

De Beers on exploration spree as secures South Africa licences

The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo.

De Beers’ diamond venture in Namibia axing at least 130 jobs

Move seeks to ensure the sustainability of Namdeb land-based operations.

De Beers readies technology aimed at eliminating ‘conflict diamonds’

Firm is developing open platform that traces diamonds from mine to buyer.

De Beers reshuffles executive committee

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