An increase in self-purchase of diamond jewellery helped drive demand, representing 33% of total US diamond jewellery pieces acquired in 2017.
De Beers Mining News
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.
The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.
The world’s top diamond miner will train artisanal and small-scale miners and provide them with tablets as well as a diamond “toolkit” to digitally track their stones throughout the supply chain.
The company raised prices a similar amount in its previous sale at the end of February.
The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.
Paul Zimnisky, an independent diamond industry analyst, estimates supply will fall 3.4% to 147 million carats.
Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain.
The unit of Anglo American intends to mine as much as 36 million carats this year, up from 33.5 million in 2017.
Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.
The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.
The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo.
Move seeks to ensure the sustainability of Namdeb land-based operations.
Firm is developing open platform that traces diamonds from mine to buyer.
Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.
The country’s Ministry of Mines and Energy has renewed the Canadian miner's licence for ten years.
Diamond giant is investing in an open platform that will allow tracing a rock throughout the entire value chain — from mine to buyer.
Company says move paves the way for a lower-cost operator to take the diamond mine beyond 2020, when it is scheduled to close.
Debmarine Namibia, a 50/50 joint venture between the country and De Beers Group, tis planning for the construction of the world’s largest custom-built diamond mining vessel.
Firm has determined it's not economically viable to extend the life of the diamond mine, which can only be accessed by air year round, or by a winter road for five or six weeks in January and February.
The best diamonds in the world come from the sea.
The world’s largest diamond producer by value offered less precious stones, in line with its policy of trying to match sales to demand.
Over the last nine years 66 record-breaking and other noteworthy diamonds were recovered, and 61 of those have been found within the last five years.