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.
Diamond Mining News
Worldwide jewelry sales increase by 5% in Q2 – ALROSA present the results of its global luxury and jewelry market research
"Today, the shares of the Indian market are being redistributed among the stakeholders, with large retailers encroaching upon their smaller competitors. Nevertheless, despite all of the major players' efforts, most sales are still ensured by smaller retailers," notes Dmitry Klimenko, head of the analytics department at ALROSA's Strategic Projects and Analytics Center.
The International Institute of Diamond Grading & Research (IIDGR), a member of De Beers Group, is pleased to announce that its industry-first synthetic screening device, SYNTHdetect, was awarded Industry Innovation of the Year at last night’s JNA Awards in Hong Kong.
Botswana's economy is expected to expand by 4.5 percent this year.
Johan Dippenaar has held the top position since 2005, when Petra merged with Crown Diamonds.
According to Lucapa, policy shifts in the southern African country allow management to plan for the sale of such high-value stones, something the company was not able to do before.
In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.
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 move makes the company the first mining major to request exploration permits in the country since President João Lourenço vowed to open up the sector and encourage foreign investment.
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.
Since their discovery in early 2009, the ruby deposits near Montepuez in Mozambique have produced an impressive number of exceptional-quality stones.
Russian diamond miner Alrosa said on Tuesday that its sales next year would be 1-2 million carats higher than its production in 2019.
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.
Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.
This summer’s crash in commodity prices is turning it into a year to forget for miners. Unless you dig the world’s biggest diamonds.
Made of 99.99 percent pure gold, the coin features four rare Argyle pink and purplish-pink diamonds. The largest is 1.02 carat.
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
This marks the completion of the production ramp-up of the underground mine.
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.
Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.
Modi and associates fraudulently borrowed approximately $4 billion
The Kimberley Process (KP) delegation conducted a review visit to Russia on August 25-30 to check the system of mining, accounting, implementation and control of operations with rough diamonds, and to assess their compliance with the minimum requirements of the KP Certification Scheme.
Diamond producer, ASX-listed Lucapa Diamond Company Limited (LOM) says the Company has begun to “shine bright” in the world of Special diamonds.