De Beers Mining News

De Beers says lab-grown diamond wholesale prices fall by up to 60%

De Beers has invested in a synthetic diamond factory in the U.S. state of Oregon, which should produce more than half a million rough carats a year in 2020.

Anglo American rides out iron ore hitches in strong 2018

Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.

Tiffany joins top diamond miners in disclosing origins of gemstones

Tiffany has begun tracing each of its individually registered diamonds (0.18 carats and larger) by a unique serial number.

Lucara Diamond kicks off the year with 127-carat find at Karowe

The 127 carat, top white gem diamond, is one of the of 129 precious stones of over 100 carats the company has recovered at the mine since it began operations in 2012.

Lucara Diamond to focus on Bostwana mine this year

Lucara aims to recover between 300,000 and 330,000 carats from Karowe this year.

New Mountain Province CEO has deep diamond roots

President and CEO Stuart Brown spent 19 years with De Beers.

Jewellery giant Chow Tai Fook joins De Beers diamond blockchain program

The Hong Kong-based company's involvement will further extend the platform’s reach into the Asian diamond sector.

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.