Diamond Mining News

World’s two top diamond miners join forces to test blockchain pilot

Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.

Firestone hails strong start of second quarter despite slight recoveries fall

The Africa-focused miner sold a 68-carats white diamond for just under $1 million, which became its third most valuable stone to date.

Zimbabwe’s government to give mining claims to artisanal diamond miners

Villagers living around the Marange diamond fields would benefit.

Namibia scraps black ownership rules for mining exploration licences

Rules threaten the diamond and uranium producer's ability to attract investment.

Saskatchewan gives environmental approval to Star-Orion South project

The preliminary economic assessment of the mine estimates that 66 million carats of diamonds could be recovered over a 38-year project life.

Lucapa secures $7m loan to boost Lesotho mine development

First commercial diamonds from the company's 70%-owned Mothae mine expected in early November.

FURA announces all-female wash plant project

“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 to build Chidliak as FutureSmart mine

De Beers acquired Peregrine and all its Canadian projects in a friendly deal in September for 24 cents a share or $107 million.

De Beers diamond production falls 5 percent in third quarter

The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.

Petra Diamonds revenue up as production, sales jump

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.

Almost 400,000 migrants left Angola in massive diamond crackdown

The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency.

Why a no-deal Brexit risks freezing London’s diamond trade

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.

ALROSA starts large rough diamond auction in Vladivostok

For sale,166 gem-quality rough diamonds with a total weight of 2,607 carats.

Mountain Province Diamonds latest sale nets $24 million

Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.

De Beers eyes tech markets for synthetic diamonds future

Anglo American unit De Beers is going after lucrative as it aims to expand its lab-grown diamond business beyond drilling and cutting.

Alrosa test non-dollar deals to sidestep any US sanctions

Several major Russian companies are exploring ways to do deals abroad without using dollars.

Botswana Diamonds, Vast Resource JV steps up exploration efforts in Zimbabwe

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.

Australians find extremely rare mineral in meteorite impact crater

Researchers from Curtin University discovered reidite, one of the rarest minerals on Earth buried deep within an ancient meteorite crater in Western Australia.

ALROSA September sales of rough and polished diamonds reached $338.7 million

ALROSA, the world's largest diamond miner, announces diamond sales results for September and nine months of 2018.

Zimbabwe miner RioZim to sue central bank for loss of forex earning

The miner said it would take legal actions to force the central bank to give it US dollars for part of its gold output.

ALROSA extracts rare fancy intense yellow diamond

It is the largest yellow rough diamond mined at ALROSA's deposits this year.

Diamond market warming to lab-made gems

The centuries-old diamond industry is getting shaken up by small producers and industry giants alike.

Rio Tinto reveals its largest Fancy Purplish Red diamond in New York

Rio Tinto has revealed its 2018 Argyle Pink Diamonds Tender in New York to collectors, connoiseurs and those in search of the incomparable.

South Africa mulls SOV, should not harm mining sector – minister

South African government is considering a sovereign wealth fund but is looking for a way to fund it without harming the mining industry.

ALROSA proceeds with non-core assets disposal program

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.