Diamond Mining News

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

Earth holds quadrillion tonnes of diamonds deep beneath its surface

Getting to them would take technology far beyond what we currently have at our disposal.

Fura Gems grabs more ruby assets in Mozambique

Gemstone producer us is expanding its footprint in Mozambique by acquiring nine ruby assets from ASX-listed Mustang Resources and Regius Resources Group.

Rio Tinto to sell its largest pink diamond

The 3.14-carat polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink diamonds tender.

ALROSA to name diamonds "Lev Yashin" and "Brilliant moment!" based on fans' suggestions

More than 30 people suggested naming the diamond "Lev Yashin" in honour of the legendary Soviet goalkeeper. The first participant to propose this idea was Ilya Turbachev from Chelyabinsk, who is to receive a ticket to the final game. The focus of the competition, a 76.53-carat rough diamond, mined at International pipe, will be named "Brilliant Moment!" The suggestion came from Aytalina Argunova from Mirny, who will also receive a ticket to the final game.

Huge diamonds keep coming out of Lucapa’s Lulo mine in Angola

This time is a 114-carat white stone.

Death by diamonds: Suicides wipe the shine off India's gem trade

Over 80 percent of the total workforce earn a piece rate of 1 to 25 rupees for each stone they polish and have no social benefits.

Alrosa unearths diamond shaped as soccer ball

The 0.50-carat stone was found at the company’s Karpinskaya-1 pipe, located in the northern Arkhangelsk Region.

South Africa mines minister delays finalisation of draft mining charter

Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.

SYNTHdetect shortlisted as finalist for industry innovation award

SYNTHdetect, launched last year, is the first synthetic diamond screening device.

Finds at Lucapa’s Lulo project jump on record mined diamonds

Production at Lucapa's 40%-owned Lulo project, in Angola, rose 20% during the June quarter.

S. Africa seeks re-opening of shuttered mines to boost economy

Mineral Resources Minister Gwede Mantashe believes mines on care and maintenance are bad for the economy.

Petra Diamonds sells stake in Kimberley Ekapa JV for $22 million

The Kimberley Ekapa joint venture focuses on mining in the South African town of Kimberley.

ALROSA sells large diamonds at an auction in Vladivostok for $17 mln

In 2017, the total revenue of ALROSA from the sale of diamonds at tenders and auctions in Vladivostok exceeded $70 million. On the first 2018 auction held in May ALROSA sold large rough diamonds for $14.8 million. Until the end of 2018, ALROSA will hold two more auctions in Vladivostok - in September and November.

New campaign for Rio Tinto’s Australian Diamonds is launched in India

Rio Tinto‘s Australian Diamonds programme has launched its latest campaign in India highlighting a new range of affordable bridal and fashion jewellery from the company’s Argyle diamond mine in Australia.

Lucapa digs up another large diamond, this time in Lesotho

Australia’s Lucapa Diamond (ASX:LOM) has found an 89-carat yellow diamond at its 70%-owned Mothae mine in Lesotho during the current bulk sampling program.

Bluerock Diamonds trades up on resumption of production at Kareevlei

Company says that changes made to the crushing circuit will positively impact the plant’s performance,

Swedwatch report highlights human rights risks in sale of mining equipment to Myanmar

 Irresponsible jade extraction has led to extensive human suffering and environmental degradation in Myanmar’s conflict-affected Kachin state.

Alrosa to auction "football" diamonds, the largest one to be named by fansto auction "football" diamonds, the largest one to be named by fans

ALROSA, the world's largest diamond mining company, offers fans to choose a "football" name for large rough diamond weighing 76.53 carats.

De Beers just sold 34 million rough diamonds more than last year

The $575-million figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month.

ALROSA launches football collection of diamonds on the occasion of the World Cup

The collection consists of 32 round diamonds, 0.3 carats each, named after the countries - participants of the World Cup.

Global sales of diamond jewellery have grown by 7% in Q1

In particular, sales of diamond jewelry in North America (the USA and Canada) have increased by 5% as compared to the first quarter of the previous year. The North American market has a strong lead in jewelry sales volumes - as per the results of 2017 it accounted for 53% of total global sales.

US-China trade spat wipes $57B from top mining stocks in fortnight

Copper, iron ore prices drop, mining majors punished as US threatens more tariffs on "predatory" Chinese imports and Beijing calls it "blackmail".

Rapaport says De Beers destroying transparency in the diamond industry

The Rapaport Group says the world's largest diamond miner does not allow clients to disclose the source of their gemstones, except with De Beers' prior written consent.