De Beers Mining News

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.

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.