Karelian Diamond Resources was granted a four-year exploration claim in the Kaavi region.
Diamond Mining News
The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine.
Move seeks to ensure the sustainability of Namdeb land-based operations.
The Australian miner has also unearthed the tenth +100 carat stone recovered from Lulo since mining operations began two years ago.
Firm is developing open platform that traces diamonds from mine to buyer.
Rampant violence and corruption are the norm in the mines of the southern Guayana region.
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.