Diamond Mining News

Mountain Province Diamonds latest sale nets $24 million

Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.

De Beers eyes tech markets for synthetic diamonds future

Anglo American unit De Beers is going after lucrative as it aims to expand its lab-grown diamond business beyond drilling and cutting.

Alrosa test non-dollar deals to sidestep any US sanctions

Several major Russian companies are exploring ways to do deals abroad without using dollars.

Botswana Diamonds, Vast Resource JV steps up exploration efforts in Zimbabwe

Decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.

Australians find extremely rare mineral in meteorite impact crater

Researchers from Curtin University discovered reidite, one of the rarest minerals on Earth buried deep within an ancient meteorite crater in Western Australia.

ALROSA September sales of rough and polished diamonds reached $338.7 million

ALROSA, the world's largest diamond miner, announces diamond sales results for September and nine months of 2018.

Zimbabwe miner RioZim to sue central bank for loss of forex earning

The miner said it would take legal actions to force the central bank to give it US dollars for part of its gold output.

ALROSA extracts rare fancy intense yellow diamond

It is the largest yellow rough diamond mined at ALROSA's deposits this year.

Diamond market warming to lab-made gems

The centuries-old diamond industry is getting shaken up by small producers and industry giants alike.

Rio Tinto reveals its largest Fancy Purplish Red diamond in New York

Rio Tinto has revealed its 2018 Argyle Pink Diamonds Tender in New York to collectors, connoiseurs and those in search of the incomparable.

South Africa mulls SOV, should not harm mining sector – minister

South African government is considering a sovereign wealth fund but is looking for a way to fund it without harming the mining industry.

ALROSA proceeds with non-core assets disposal program

The shares of Almazergienbank were bought by OJSC RIK Plus.The transaction value exceeded RUB 200 million.The shares are to be transferred by the end of November this year.

South Africa’s latest mining charter: what's new and who wins

New Mining Charter seeks to reduce uncertainty and boost investment in the sector.

Diamond trade must reform in face of threat from synthetic stones -U.S.

Efforts to broaden the scope of the Kimberley Process, set to prevent the sale of so-called "blood diamonds", have been stymied for a decade by member states including China, Russia and a number of African nations.

Diavik Stars of the Arctic dazzle in rough diamond tender

Rio Tinto and Dominion Diamond Mines have revealed three of the finest large rough diamonds from their Canadian diamond mine.

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.

Pink diamond breaks world record

It sold for more than $2.9 million.

First auction of coloured diamonds brings ALROSA $9m in sales

210 unique diamonds were sold in the first round. The bidding was very active, and most of the lots were sold for well above their starting price.

De Beers group and UN women announce programme to support more than 1,200 women entrepreneurs in Southern Africa

The partnership and programme aims to complement national efforts on job creation and economic empowerment of women by supporting women micro-entrepreneurs through capacity building that is customised to address their daily challenges in practical ways.

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.