New reports highlighting the environmental dangers posed by mineral exploitation at the Mining Arch have emerged, as Venezuelan officials try to convince Alrosa to invest in the project.
Diamond Mining News
Another huge diamond has been released from the Earth's clutches following an astounding discovery in the West African country earlier this year.
Company sold 58 rare pink, red and violet diamonds, a collection know as "Custodions of Rare Beauty."
The large rough, gem-quality stones range from 82 to 163 carats.
Indian diamonds are known for their quality, particularly those from the ancient Golconda mines, famous for producing a rare kind of extremely clear gem.
Alrosa took stock of the international auction for special-size rough diamonds weighing 10.8 carats and more, held on the territory of the Eurasian Diamond Centre (The EDC) in Vladivostok.
Aggregate market cap of the top 100 junior mining companies was up 7% to $12.2 billion, a level not seen since 2010, but the group significantly underperformed the Venture Exchange as a whole.
Results of a preliminary economic assessment have revealed the potential for the development of an underground mine at the company's mine in Botswana.
The country's mining sector is emerging from years of contraction and the impact of recent severe drought eases, the finance minister said on Thursday.
Firm has determined it's not economically viable to extend the life of the diamond mine, which can only be accessed by air year round, or by a winter road for five or six weeks in January and February.
The company has found six diamonds larger than 100 carats in the first nine months of the year, compared with just four throughout 2016.
Fura Gems aims to resume production at the mine within six months of the deal closure.
The best diamonds in the world come from the sea.
Live round table discussions complemented by real-time interaction with the audience via social media, as well as commentary from industry leaders.
Petra Diamonds Ltd's first quarter revenue fell by 17 percent after Tanzanian government last month seized consignment of diamonds from its Williamson mine.
With the newly unearthed 34.17-carat diamond, Alrosa has hit an annual record in the number of large fancy-coloured stones found at its operations.
Over 50% of the proceeds will be used to fund clean water, electricity, school, medical facilities, bridges and roads, none of which are currently available in the village of Koryardu, where the diamond was found.
The world’s largest diamond producer by value offered less precious stones, in line with its policy of trying to match sales to demand.
The largest collection of exquisite fancy coloured diamonds and diamond jewellery ever publicly exhibited in the Southern Hemisphere is being showcased across Australia by iconic Australian jeweller Linneys.
Deal allows the Stellar to focus on its bigger Tongo-Tonguma project in Sierra Leone, which would be the country's second largest diamond mine ever.
Results will be announced on October 30.
The Singapore Diamond Investment Exchange (SDIX) has launched a new investment-grade, standardized diamond product to rival gold as a safe-haven asset.
The company says that labour disruptions in South Africa and the confiscation of a parcel of diamonds by the Tanzanian government are to blame.
The 709-carat rock is the second-largest ever found in the West African nation.
There are plans to remove a total of 75,000 tons of ore from the new deposit before the end of the year.