Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.
Diamond Mining News
Under the deal, Newfield will lend Stellar $3 million to help it over its immediate short-term cash needs, while undertaking a right issue to raise A$30 million (roughly $23.6m) to re-finance the blended company.
A mineral usually found at depths of 700 km found ensconced within diamond near Earth’s surface for the first time.
As well as facing legal action, BSGR, which denies any wrong-doing, is suing financier George Soros for $10 billion in damages over lost contracts.
Latest discovery is a 152-carat, top white colour Type IIa diamond, dug up at the company's flagship Letšeng mine in Lesotho.
The experience would include $17,000 diamond chopsticks and an 18-course dinner prepared by the Michelin-starred team from Jaan.
They say diamonds have become a curse instead of a blessing for those living in the Mutare West region.
Total diamond reserves, taking into account the explored deposits under the National Reserves Committee standards, increased by 57.8 million carats during the year.
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2018.
Paul Zimnisky, an independent diamond industry analyst, estimates supply will fall 3.4% to 147 million carats.
According to the Chamber of Mines of South Africa, illegal miners in the country usually belong to organised crime syndicates.
Miner posted a net loss of $984,928, compared to a $663,145 loss a year earlier, due to an increase in costs of developing its Tongo-Tonguma diamond project in eastern Sierra Leone.
Figures takes proceeds from Lulo diamonds sales so far this year to $10.8 million, at an average price per carat of $1,731.
Angola is one of the world’s top 5 diamond producers, but much of the territory remains under-explored due to 27 years of civil war.
Funding for the project has not been secure yet, though the miner is in talks with Newfield Resources over a possible offer.
Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.
Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain.
The global economy is booming and demand for precious jewels, particularly colored gemstones, has never been higher.
A test sale was conducted and, according to the Minister of Mines, it was a total success.
The unit of Anglo American intends to mine as much as 36 million carats this year, up from 33.5 million in 2017.
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.
That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.
Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.
Petra was hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania.
A young man from Moscow has become a winner. His name and the idea will remain a secret not to ruin the surprise for his dearie. He will receive a diamond ring as a reward to translate the wish into reality. ALROSA plans to follow the developments and shoot a video based on the winner's script with participation of real characters.