De Beers Mining News

De Beers, Namibia to spend $468m on world’s first custom-built diamond searching ship

The new vessel is expected to add about 500,000 carat a year of production capacity to Debmarine Namibia, a 50/50 joint venture between De Beers and the African nation's government.

Mine versus lab: how green is your diamond?

Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study.

Coal hurts Anglo American’s Q1 production, 2019 guidance unchanged

Production dropped 6% in the quarter.

De Beers expands pilot scheme in Sierra Leone to sell ethically sourced diamonds

Decision was made to give more artisanal and small-scale miners (ASM) the opportunity to benefit from the program, which helps them trace route of their diamonds throughout the supply chain.

Investor sentiment in diamond mining stocks makes for a contrarian play

Natural diamond supply is estimated to come off this year and continue to incrementally decline through at least 2021, which should be supportive of diamond prices and thus miners.

Hunt for Canada's vast diamond riches reaching an end

Iconic mines, including Ekati and Diavik are now old, tired and running out of diamonds; they will likely both close soon. So far, operations that were designed to replace them aren’t faring well either.

Jewelers must disclose whether diamonds are mined or synthetic — FTC

The Diamond Producers Association, which represents mining companies like De Beers, Rio Tinto and Alrosa, welcomed the FTC insistence that companies distinguish between diamonds that are mined and those that are made in laboratories.

Russia's Alrosa raises $11.8m in New York diamond sale

The world's biggest producer of rough diamonds in carat terms raised $11.8m in its first New York diamond auction this year.

Russian diamond miner Alrosa wants controlling stake to mine in Zimbabwe

Alrosa will assess Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project.

Botswana's Debswana targets diamond output of 24 million carats in 2019

Debswana lifted diamond output by 6% to a four-year high of 24.1 million carats in 2018.

Botswana sees lower mineral revenues in 2019

Retail jewellery sales fell during the last quarter of 2018, while polished prices continued to decline into the beginning of 2019.

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.