Diamond Mining News

Following detention, journalist publishes controversial story about Venezuela’s Mining Arc

Rampant violence and corruption are the norm in the mines of the southern Guayana region.

Gem Diamonds shares on fire as miner finds 910-carat rock

Massive find is believed to be the fifth biggest gem-quality diamond ever found

Alrosa buys stake in Angola's largest diamond deposit for $70 million

Deal provides the diamond giant with access to a production base outside Russia.

Botswana’s Okavango posts record diamond sales at $567 million

Company posted a 4 percent jump in sales to $567 million in 2017, the highest annual sales since its formation in 2013.

Alrosa 2017 sales fall to $4.3bn on lower average price for rough diamonds

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.

Russian competition watchdog investigates Alrosa gas assets sale

The Russian Federal Anti-Monopoly Service is investigating forthcoming sale of natural gas assets by producer Alrosa after a complaint from would-be buyer.

Gem Diamonds, Lucapa kick off 2018 with massive findings

The rival companies have unearthed three diamonds larger than 100 carats each.

CHARTS: Big mining's surge in value shames tech giants

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.

Alba wants to reopen gold mine behind three generations of royal wedding rings

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.

The EU starts to lead the Kimberley Process

Even though the system has received criticisms, its 54 participants seem committed to making it work.

Diamond prices were okay in December, not so good throughout 2017

Rapaport says that following a better-than-expected holiday season, polished diamond prices stabilized in December 2017.

Diamond sorter to jail for $500K theft

Major loss for Zimbabwe Consolidated Diamond Company.

Venezuela backs its new cryptocurrency with 5 billion barrels of crude

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."

Graff buys another giant diamond from Sierra Leone

With this purchase, Graff Diamonds says it has acquired, cut and polished the majority of the top 21 largest stones of the 21st century.

U.S. sanctions Israeli billionaire Gertler over Congo deals

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.

#OnlyinCanada: Homeless man helps recover lost diamond ring

A homeless youth who got a 14-carat gold ring with square-cut diamonds by mistake. What happened later is almost unbelievable.

Value of top 50 mining companies surge $140 billion in 2017

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.

20% increase in rough diamond revenue despite waning consumer demand

While long-term diamond demand may be slowing, this year rough-diamond prices experienced positive turn-around and prices of polished diamonds stabilized.

Pastor who found giant diamond in Sierra Leone to get less cash than promised

The government says the cleric violated the Mines and Minerals Act.

2018 global diamond industry primer

2017 has been a year of excess inventory shifting from the upstream segment of the diamond industry to the mid-stream segment.

CHART: High flying metals to fall back to earth in 2018

Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.

Alrosa recovers huge yellow diamond from Yakutia mine

The Russian company says more than twenty large rough diamonds over 50 carats have been extracted from its Jubilee pipe.

Canadian diamond producer dealing with water issues in South Africa

"The lower number of carats tendered and sold is attributable to a reduction in the volume of material being processed," the company revealed.

Responsible Jewellery Council certifies Alrosa's mining and business practices

The RJC conducted a months-long sustainability audit.

India trade ministry seeks lower tax on diamond miners

The commerce department has sought to scrap levies and introduce a presumptive tax of 0.25 percent on diamond mining companies.