Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.
Diamond Mining News
The Africa-focused miner sold a 68-carats white diamond for just under $1 million, which became its third most valuable stone to date.
Villagers living around the Marange diamond fields would benefit.
Rules threaten the diamond and uranium producer's ability to attract investment.
The preliminary economic assessment of the mine estimates that 66 million carats of diamonds could be recovered over a 38-year project life.
First commercial diamonds from the company's 70%-owned Mothae mine expected in early November.
“We believe women in West Boyacá are a pillar of society in the area and that these opportunities help reflect the vital, strong and active role women continue to play within their local communities. It is exciting to hear them talking about their jobs at the Coscuez Emerald Mine with so much pride and dedication.” - Dev Shetty, President & CEO of Fura
De Beers acquired Peregrine and all its Canadian projects in a friendly deal in September for 24 cents a share or $107 million.
The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.
Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017.
The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency.
The U.K. is currently just one of six EU countries allowed to import and export rough diamonds. Once stones enter Belgium and Portugal, they’re then free to move around the region.
For sale,166 gem-quality rough diamonds with a total weight of 2,607 carats.
Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.
Anglo American unit De Beers is going after lucrative as it aims to expand its lab-grown diamond business beyond drilling and cutting.
Several major Russian companies are exploring ways to do deals abroad without using dollars.
Decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.
Researchers from Curtin University discovered reidite, one of the rarest minerals on Earth buried deep within an ancient meteorite crater in Western Australia.
ALROSA, the world's largest diamond miner, announces diamond sales results for September and nine months of 2018.
The miner said it would take legal actions to force the central bank to give it US dollars for part of its gold output.
It is the largest yellow rough diamond mined at ALROSA's deposits this year.
The centuries-old diamond industry is getting shaken up by small producers and industry giants alike.
Rio Tinto has revealed its 2018 Argyle Pink Diamonds Tender in New York to collectors, connoiseurs and those in search of the incomparable.
South African government is considering a sovereign wealth fund but is looking for a way to fund it without harming the mining industry.
The shares of Almazergienbank were bought by OJSC RIK Plus.The transaction value exceeded RUB 200 million.The shares are to be transferred by the end of November this year.