Diamond Mining News

Congo leader vows elections to proceed on schedule in December

DRC President Joseph Kabila vowed delayed elections will take place as planned this year.

Trading in CARAT coins is launched on Hotbit digital asset exchange

Holders of the digital coin are able conduct currency transactions, as well as redeem their value in physical diamonds.

Christie’s to auction largest, finest pink diamond in its history

The top item at Christie’s Geneva Magnificent Jewels sale in November will be The Pink Legacy, an 18.96-carat fancy vivid pink diamond expected to fetch up to $50 million.

Mining industry’s adoption of blockchain not a question of if, but when — report

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.

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.

SYNTHdetect wins industry innovation of the year at JNA Awards

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 trims growth prospects, sees wider budget deficits

Botswana's economy is expected to expand by 4.5 percent this year.

Petra Diamonds CEO to leave following shares value dip, debt increase

Johan Dippenaar has held the top position since 2005, when Petra merged with Crown Diamonds.

Lucapa introduces Lulo diamonds into Angola's new diamond marketing system

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.

How Anglo quietly built a commodity trader in Glencore's shadow

In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.

De Beers steps up hunt for fake diamonds with new detector

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.

Anglo American asks Angola for permission to explore for metals

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.

De Beers officially the new owner of Peregrine Diamonds

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.

Swiss scientists developing method to detect low-temperature heated rubies from Mozambique

Since their discovery in early 2009, the ruby deposits near Montepuez in Mozambique have produced an impressive number of exceptional-quality stones.

Russia's Alrosa sales in 2019 to exceed production by 1-2 mln carats – RIA

Russian diamond miner Alrosa said on Tuesday that its sales next year would be 1-2 million carats higher than its production in 2019.

De Beers’ recent diamonds sale the worst in two years

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.

Mining exploration spending in Australia jumps to 5-year high

Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.

Giant diamonds has been mining's one success story this year

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.

Perth Mint unveils Australia's most expensive gold-diamond coin

Made of 99.99 percent pure gold, the coin features four rare Argyle pink and purplish-pink diamonds. The largest is 1.02 carat.

Mountain Province Diamonds results of seventh diamond sale of 2018

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

Stornoway achieves full underground mine design capacity at Renard Mine

This marks the completion of the production ramp-up of the underground mine.

Alrosa brings coloured diamonds to Hong Kong in effort to conquer China

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.

De Beers is selling diamonds for less and the industry isn’t happy

World’s No.1 diamond miner will let buyers refuse some lower-quality stones, just as it gets ready to begin selling synthetic stones.

De Beers will allow buyers to reject cheap diamonds

This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.

India's Anil Agarwal succeeds with Vedanta Resources buyout

Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.