Diamond Mining News

Diamond prices sliding – report

1-carat stones fell by 0.4% last month and 1.8% compared to January 2018.

BlueRock finds another exceptional diamond at South African mine

It is the second largest diamond mined from Kareevlei and the third valued at over $50,000.

South Africa's Mining Charter III threatens livelihood of alluvial diamond mining industry

The Mining Charter III (MCIII) heaps more pain on South Africa’s alluvial diamond producers who already face enormous cost burdens and high risks.

Firestone Diamonds output down on technical issue at Lesotho mine

The company, which operates the Liqhobong diamond mine in Lesotho, said it recovered 224,947 carats in the three months through December, down from 240,733 carats in the first quarter.

South Africa's EFF party says in election manifesto to nationalise mines

The party is using an anti-corruption, jobs creation and state control of the economy platform to challenge the governing African National Congress (ANC) in the upcoming election.

Gemfields to pay $7.8m to settle human rights abuses claims in Mozambique

The precious gemstones miner has agreed, on a no-admission-of-liability basis, to settle claims brought against it by a group of 273 Mozambicans related to its ruby mine in northern Mozambique.

Rethinking mining strategies among the top-10 global trends to shape 2019

Mining companies now need to determine how to operate in a market that is characterized by rising stakeholder demands, a widening talent gap, as well as dwindling access to key inputs such as energy and water, says Deloitte in its latest annual report.

Russia’s Alrosa finds its largest diamond in over two years

The 191.46-carat stone was found earlier this month at the company's Udachny mining and processing division.

Lucara recovers 240-ct gem from Karowe

Since mining began in 2012 at Karowe, a total of 43 diamonds heavier than 200 carats have been recovered, including 12 stones larger than 300 carats.

Lucara on track to develop underground operation at Karowe

The goal is to extend the Botswanan mine life from 2026 to at least 2036.

Anglo American rides out iron ore hitches in strong 2018

Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.

Russia's Alrosa, China’s Anjin to dig for diamonds in Zimbabwe

World’s top diamond producer by output Alrosa and China-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond miner in exploring and digging up diamonds.

BME’s Africa offerings and focus on show at Indaba

The investing in African Mining Indaba show runs from February 4th to 7th in Cape Town.

Don’t give up on the diamond industry just yet

The ultra-successful “A Diamond is Forever” marketing campaign has been discontinued for over a decade now and so have many of the positive attributes of diamond ownership in consumers’ minds.

Alrosa names new executive to lead US business

Rebecca Foerster, former Vice President of Strategic Planning and Marketing at Leo Schachter Diamonds, was appointed President of Alrosa USA Inc.

Alrosa made big bucks at international auctions

Given the positive feedback received following two sales events in New York, the company decided to increase the number of auctions in the United States this year.

China’s slowdown is miners' single biggest fear this year — report

Based on answers from 51 senior executives, lawyers White & Case say that trade tensions are the second largest challenge for the mining industry in 2019 and reveal what the underlying full-picture looks like.

ALROSA earns $463m at international auctions in 2018

Alrosa traditionally holds its auctions in Russia, Belgium Israel, Hong Kong, the United Arab Emirates and the United States.

MineHub and IBM to introduce global mining and metals supply chain solution with blockchain

The first use case will manage concentrate from Goldcorp’s Penasquito mine in Mexico.

Angolan diamond production in historic competitive bid sale

Leading global diamantaires invited to purchase exceptional Angolan diamonds as part of new marketing policy

Russia’s Alrosa back to mining diamonds in Zimbabwe

The world’s top diamond producer by output, is returning to Zimbabwe after almost two years, as the company continues to expand beyond Russia.

Angola to host first competitive diamond bid sale

Seven exceptional Lulo diamonds, including a 46-carat pink and six top-colour Type IIa white gems, will be showcased.

Zimbabwe Consolidated Diamond Company expects to produce 4.1 million carats in 2019

The state-owned diamond miner wants to produce 10 million carats by 2025.

How lapis lazuli helped uncover the role of women in the creation of medieval manuscripts

Prior to this discovery, it was thought that mainly men were allowed to use the blue stone.

ALROSA increases rough and polished diamond sales to $4.5B

ALROSA saw a 6% growth in its diamond sales last year.