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.
De Beers Mining News
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.
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.
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.
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
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.
World’s No.1 diamond miner will let buyers refuse some lower-quality stones, just as it gets ready to begin selling synthetic stones.
This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.
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.