Diamond Mining News

World's No. 1 diamond jewellery retailer joins De Beers tracking pilot

Signet Jewelers is the first diamond ornaments maker to join De Beers-led blockchain pilot program, Tracr.

Why rough diamond prices are at a 52-week high

Forecasted industry fundamentals point to an environment favoring higher diamond prices over a period of at least the next four years.

Blockchain will completely revolutionize how we mine gold and precious metals

Tracking metals across the supply chain has become increasingly important to businesses and consumers - with blockchain, there’s no hiding anything.

Gem Diamonds finds ninth big diamond from Letšeng

With the discovery, the miner has already exceeded the total number of diamonds of over 100 carats recovered in 2017.

Lucapa on a roll, finds 25-carat yellow diamond in Lesotho mine

Stone was recovered from the Neck zone of the Mothae kimberlite, not part of the current one-million carat Joint Ore Reserves Committee-compliant resource.

Forevermark unveils new retail concept store in China focused on millennials

Libert’aime by Forevermark offers a diamond jewellery range that has been designed with a young, fashion-forward self-purchasing consumer in mind.

Meghan Markle’s wedding band made with Welsh gold from historic mine

The 24-carat piece of gold given to Markle by the Queen originated at the Clogau St. David mine in northwest Wales.

Gemfields driving proof of origin and greater transparency for coloured gemstone sector

The coloured gemstone sector has no system, globally at scale, that allows gemstones to be confidently traced from mine to market.

ALROSA representative elected as RJC Vice Chair

On May 17, Peter Karakchiev, ALROSA's Head of International Relations, was elected as RJC's Vice Chairman at its 2018 annual general meeting held in Moscow.

Global consumer demand for diamond jewellery hits new record high of US$82 billion

An increase in self-purchase of diamond jewellery helped drive demand, representing 33% of total US diamond jewellery pieces acquired in 2017.

Young Australians oblivious to mining

Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.

Russia's Alrosa sees rosy prospects from colourful diamonds

The global market for polished coloured diamonds is now dominated by Rio Tinto and Anglo American's De Beers. But state-controlled Alrosa aims to compete.

Historic blue diamond auction exceeds expectations — sold for $6.7 million

The Farnese Blue diamond, which was passed down through European royal families for about 300 years, sold Tuesday for $1.4 million more than the maximum figure experts estimated it would fetch.

Rio Tinto says climbing costs, resource nationalism once again big threats

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

Mountain Province hires former De Beers financial chief as president and CEO

Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.

Alrosa steps up diamond marketing as miner eyes more cutting

Alrosa has traditionally focused on rough-diamond mining but is gradually changing its business after Sergey Ivanov became CEO a year ago.

ALROSA sells rough and polished diamonds worth USD 405.3 million in April

ALROSA Group, the world leader in diamond production, announces diamond sales results for April and four months of 2018.

De Beers tracks first 100 diamonds through supply chain using blockchain

The world’s largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.

Expansion of Canada’s first surface and underground diamond mine delayed

Construction of a new open pit at the mine has been delayed until further notice.

Lerala Diamond Mine Limited is going on auction

This auction includes the sale of the pits, the resource, the process plant and ancillary equipment. Goindustry, along with the liquidators, will assist with the transfer of the mining rights, license (and other regulatory requirements).

Zimbabwe parliament delays Mugabe's questioning on diamond revenue

Mugabe to face legislators over his previous pronouncements that the state had been deprived of at least $15 billion in diamond revenue by mining companies.

Fura Gems finds giant emerald at historic Coscuez mine in Colombia

The 25.97-carat rough emerald is considered both “rare and exceptional” given its size, colour saturation and clarity.

Diamond museum opens in Belgium

The DIVA museum has a butler that allows visitors to peek inside various rooms where precious treasures are kept.

Alrosa to acquire one of the world’s largest diamond polishing firms

Russia's Kristall cuts around 300,000 carats annually and generates revenue of around $200 million.

ALROSA sells large diamonds for USD 14.8 million at the auction in Vladivostok

The United Selling Organization (USO) of ALROSA sold 101 special size rough diamonds with the total weight of 1751.1 carats.