Rampant violence and corruption are the norm in the mines of the southern Guayana region.
Diamond Mining News
Massive find is believed to be the fifth biggest gem-quality diamond ever found
Deal provides the diamond giant with access to a production base outside Russia.
Company posted a 4 percent jump in sales to $567 million in 2017, the highest annual sales since its formation in 2013.
Russian miner said the price decline for rough diamonds was due to the changed sales assortment resulting from an increased demand for small-sized rough rocks from India.
The Russian Federal Anti-Monopoly Service is investigating forthcoming sale of natural gas assets by producer Alrosa after a complaint from would-be buyer.
The rival companies have unearthed three diamonds larger than 100 carats each.
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.
Gold from Clogau St David’s mine in North Wales is behind the wedding bands of the Queen Mother, the Queen, Princess Margaret, the Princess Royal and Diana, Princess of Wales.
Even though the system has received criticisms, its 54 participants seem committed to making it work.
Rapaport says that following a better-than-expected holiday season, polished diamond prices stabilized in December 2017.
Major loss for Zimbabwe Consolidated Diamond Company.
Venezuelan President Maduro shocked the market in early December when he followed China's 'petro-yuan' futures announcement by making headlines of himself proclaiming a new national cryptocurrency - the 'Petro' - to overcome The West's "financial blockade."
With this purchase, Graff Diamonds says it has acquired, cut and polished the majority of the top 21 largest stones of the 21st century.
US Treasury said Gertler has used his close relationship with the country’s president, Joseph Kabila, to amass a fortune through corrupt and opaque deals.
A homeless youth who got a 14-carat gold ring with square-cut diamonds by mistake. What happened later is almost unbelievable.
More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.
While long-term diamond demand may be slowing, this year rough-diamond prices experienced positive turn-around and prices of polished diamonds stabilized.
The government says the cleric violated the Mines and Minerals Act.
2017 has been a year of excess inventory shifting from the upstream segment of the diamond industry to the mid-stream segment.
Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.
The Russian company says more than twenty large rough diamonds over 50 carats have been extracted from its Jubilee pipe.
"The lower number of carats tendered and sold is attributable to a reduction in the volume of material being processed," the company revealed.
The RJC conducted a months-long sustainability audit.
The commerce department has sought to scrap levies and introduce a presumptive tax of 0.25 percent on diamond mining companies.