De Beers Mining News

These are the three main trends to shape the diamond industry in 2019

According to Bain & Co., diamond miners and retailers will face an Increasing influence of digital technologies, growing presence of lab-grown stones and shifting preferences of younger generations of consumers.

Zimbabwe mining minister invites De Beers, Vast Resources to return

It would make them the first listed companies to mine there in that sector for two years, Mining Minister said.

Canada’s Gahcho Kué mine to produce up to 6.9M carats in 2019

Gahcho Kué is Canada’s newest diamond mine and the world’s largest in the last 14 years.

2018: The year of the lab-created diamond

News flow out of the diamond industry in 2018 has been dominated by the progression of lab-created diamond production, distribution and pricing dynamics.

De Beers to make some enemies, cuts low-quality diamond prices

The world's largest diamond producer is said to have reduced prices for low-quality stones as much as 10 percent.

De Beers is said to make big cuts in low-end diamond prices

De Beers is famous for its tight control over the diamond market.

Canadian diamond miner grows output from South African mine

Diamcor Mining announced that following its previous release on the initial tender of 2,606.50 carats of rough diamonds, it delivered an additional 5,335.83 carats before the end of October.

Mining veteran wants to build a $1B battery metals giant

TechMet Ltd., which controls just a handful of assets from Canada to Rwanda wants to help challenge China’s domination of the nascent industry.

World’s two top diamond miners join forces to test blockchain pilot

Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.

De Beers to build Chidliak as FutureSmart mine

De Beers acquired Peregrine and all its Canadian projects in a friendly deal in September for 24 cents a share or $107 million.

Anglo will dig more platinum and diamonds than expected

While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.

De Beers diamond production falls 5 percent in third quarter

The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.

Mountain Province Diamonds latest sale nets $24 million

Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.

De Beers eyes tech markets for synthetic diamonds future

Anglo American unit De Beers is going after lucrative as it aims to expand its lab-grown diamond business beyond drilling and cutting.

Diamond market warming to lab-made gems

The centuries-old diamond industry is getting shaken up by small producers and industry giants alike.

Mining industry’s adoption of blockchain not a question of if, but when — report

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 trims growth prospects, sees wider budget deficits

Botswana's economy is expected to expand by 4.5 percent this year.

De Beers steps up hunt for fake diamonds with new detector

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.

De Beers officially the new owner of Peregrine Diamonds

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.

De Beers’ recent diamonds sale the worst in two years

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.

Mountain Province Diamonds results of seventh diamond sale of 2018

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

Alrosa brings coloured diamonds to Hong Kong in effort to conquer China

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.

De Beers is selling diamonds for less and the industry isn’t happy

World’s No.1 diamond miner will let buyers refuse some lower-quality stones, just as it gets ready to begin selling synthetic stones.

De Beers will allow buyers to reject cheap diamonds

This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.

Lucara Diamond moves forward with ‘stone by stone’ sales plan

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.