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.
De Beers Mining News
Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.
Tiffany has begun tracing each of its individually registered diamonds (0.18 carats and larger) by a unique serial number.
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 aims to recover between 300,000 and 330,000 carats from Karowe this year.
President and CEO Stuart Brown spent 19 years with De Beers.
The Hong Kong-based company's involvement will further extend the platform’s reach into the Asian diamond sector.
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.
It would make them the first listed companies to mine there in that sector for two years, Mining Minister said.
Gahcho Kué is Canada’s newest diamond mine and the world’s largest in the last 14 years.
News flow out of the diamond industry in 2018 has been dominated by the progression of lab-created diamond production, distribution and pricing dynamics.
The world's largest diamond producer is said to have reduced prices for low-quality stones as much as 10 percent.
De Beers is famous for its tight control over the diamond market.
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.
TechMet Ltd., which controls just a handful of assets from Canada to Rwanda wants to help challenge China’s domination of the nascent industry.
Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.
De Beers acquired Peregrine and all its Canadian projects in a friendly deal in September for 24 cents a share or $107 million.
While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.
The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.
Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.
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.