Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.
De Beers Mining News
Anglo American unit De Beers is going after lucrative as it aims to expand its lab-grown diamond business beyond drilling and cutting.
The centuries-old diamond industry is getting shaken up by small producers and industry giants alike.
Blockchain technology and the smart contracts it enables are the next innovations the mining industry needs to adopt in order to improve efficiencies and increase market transparency, a paper published by global law firm White & Case says.
Botswana's economy is expected to expand by 4.5 percent this year.
The world’s top diamond producer by value has led industry efforts to both verify the authenticity of diamonds and ensure they are not from conflict zones where gems may be used to finance violence.
The C$107 million-acquisition ($82m) gives the miner access to the Chidliak diamond project in Canada, which hosts at least 74 kimberlites, eight of which are potentially economic.
Sales for the seventh cycle stood at a provisional $505 million, down $134 million or 21% from what De Beers got at the same cycle in 2016, when it began releasing this kind of data.
Total proceeds from the sale were US$26.9 million (CDN$35.3 million) from 411,317 carats at an average realized value of US$65 per carat
As part of its plans to expand into that market, Alrosa will hold its first “True Colour” auction of coloured polished diamonds, during the Hong Kong Gem & Jewellery Fair taking place this month.
World’s No.1 diamond miner will let buyers refuse some lower-quality stones, just as it gets ready to begin selling synthetic stones.
This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.
Miner will include Sarine’s mapping and planning technologies into its sales platform, which applies algorithms to match rough diamond production with polished manufacturing demand on a stone by stone basis.
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.
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.
Canadian firm is the sole owner of the Chidliak diamond project in Nunavut.
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.
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.
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.
After vowing for over a century it would never sell stones made in laboratories, De Beers will start doing so in September.
Signet Jewelers is the first diamond ornaments maker to join De Beers-led blockchain pilot program, Tracr.
An increase in self-purchase of diamond jewellery helped drive demand, representing 33% of total US diamond jewellery pieces acquired in 2017.
Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.
The world’s largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.
Russia's Kristall cuts around 300,000 carats annually and generates revenue of around $200 million.