Diamond Mining News

Botswana Diamonds, Vast Resources team up to explore in Zimbabwe

The two companies will exchange past exploration information on areas prospective for diamonds in Zimbabwe and form a jointly-owned special purpose vehicle to develop and exploit diamond resources.

Halted Botswana diamond mine to be sold at online auction

The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it was placed under judicial management last year.

Lucara recovers another big diamond in Botswana

The rock weighed 327 carats and it is a top white gem diamond.

Jewelry companies team up with IBM on blockchain platform

Gold and diamond companies joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced.

ALROSA and AWDC signed a new cooperation agreement

The agreement continues positive cooperation experience between the parties and expands bilateral interaction in line with new challenges of the market.

Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices

The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.

Pangolin finds first diamond at Jwaneng project in Botswana

Project is located about 100 km south of Jwaneng, the world’s richest diamond mine.

Namibia may scrap black ownership requirements for mining companies – minister

Namibia may scrap requirements for black ownership in mining as it seeks to woo investors to an industry that is rebounding with the commodities cycle.

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Gemfields talks up ‘responsibility’ amid lawsuit over alleged human rights abuses

The UK miner, which is the world's top coloured gems producer, is also adopting a new technology to further drive transparency in the sector.

Petra Diamonds rallies on revenue growth, record output

Revenue for the quarter ended March 31 climbed 44% to $172 million, while production jumped 20% to a record quarterly volume of 1,194,947 carats.

Blue diamond ring breaks world record

The gem’s final price nearly tripled Sotheby’s pre-sale estimate.

Mining firms from China to Canada watch as Greenland holds election

China already actively seeking opportunities.

Zimbabwe's parliament orders Mugabe to answer questions over diamonds

Former leader Robert Mugabe will have to answer questions next month about whether the state was deprived of $15 billion in diamond revenue.

World’s top diamond producer first-quarter output hit by mine accident

Alrosa's production fell by 17% in the first three months of the year mainly due to the halt of its Mir underground mine and lower-grade ores processed from the Jubilee pipe.

De Beers launches Sierra Leone-based pilot to remove ‘conflict diamonds’ from the market

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.

Diamonds confirm existence of planetary “embryo”

A planetary “embryo” gave origin to the meteorite fragments that form the Almahata Sitta collection.

Diamonds are a Canadian miner's best friends in Finland

Arctic Star reports positive results from The Timantti Diamond project.

De Beers is said to lift diamond prices for second straight sale

The company raised prices a similar amount in its previous sale at the end of February.

Lucara recovers 472 carat diamond, third largest ever for Karowe

Recovered from the Karowe Diamond Mine located in Botswana.

Why diamond trading slowed down in March

Rapaport expects polished trading to continue slowing in the coming months.

Mining industry must improve human rights, environment protection — index

The Responsible Mining Index, launched in Geneva on Wednesday, assesses the policies and practices of 30 large companies that produce 25 percent of mined commodities, from gold to copper and coal, operating in more than 40 countries.

Petra Diamonds secures new debt agreements with lenders

Petra Diamonds said it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements.

Russia's Alrosa says diamonds sales at $559.5 mln in March

Alrosa's total diamond sales in the first quarter 2018 amounted to $1.606 billion, the company said.

Private capital flowing into mining on track for record year

The second largest ever private equity fund focused on mining closed in the first quarter – 13 funds aim to raise a further $4.9 billion in 2018.