Diamond Mining News

Mining industry must improve human rights, environment protection — index

The Responsible Mining Index, launched in Geneva on Wednesday, assesses the policies and practices of 30 large companies that produce 25 percent of mined commodities, from gold to copper and coal, operating in more than 40 countries.

Petra Diamonds secures new debt agreements with lenders

Petra Diamonds said it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements.

Russia's Alrosa says diamonds sales at $559.5 mln in March

Alrosa's total diamond sales in the first quarter 2018 amounted to $1.606 billion, the company said.

Private capital flowing into mining on track for record year

The second largest ever private equity fund focused on mining closed in the first quarter – 13 funds aim to raise a further $4.9 billion in 2018.

Flawless white diamonds, among largest ever offered, to go on sale

Two flawless white diamonds each weighing in at more than 50 carats are expected to fetch more than $15 million when Sotheby's auctions them in May.

This historic blue diamond is expected to fetch up to $5.3 million

The Farnese Blue, passed down through European royalty, goes on sale for first time as part of a Sotheby’s auction to be held in Geneva, on May 15.

Venezuelan Catholic Church worried about mining devastation

"The church but the entire world is worried about the environmental degradation that unregulated mining activities are causing in the Bolívar and Amazonas states."

De Beers, Botswana seek fresh expansion of world's richest diamond mine

Debswana, the joint venture between De Beers and the Botswana’s government, is seeking permission to deepen the Jwaneng mine to 830 meters.

Zimbabwe wants mining companies to list on local exchange

Move aims at boosting investment and local ownership of the country's vast mineral resources.

Murray & Roberts scores $313 million worth of new mining projects

South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.

Why tiny diamonds make a Vancouver miner happy

“The recovery of micro-diamonds is extraordinary," said Lithoquest's President and CEO.

Diamond miner in Nunavut digging for high-quality gems

North Arrow Minerals wants to focus on finding high-value orange-yellow rocks.

Exploration spending in Canada’s poorest regions keeps sliding

The Northwest Territories and Nunavut, two of the three regions with the lowest income per capita, will see exploration investment to drop again in 2018, Natural Resources Canada says.

How resource companies are using the blockchain

The diamond business has been one of the first to embrace blockchain technology wholeheartedly.

Botswana's Debswana says expects further rise in diamond output

Debswana expects growth this year as lower taxes in the US leave consumers with more to spend on luxury goods.

Diamonds and sapphires allow masers to operate continuously

The microwave version of lasers could now be used more widely in a range of applications.

Indian woman continues fight to repatriate blue diamond

The blue Nassak, also called ‘Eye of Lord Shiva,’ is a 43.38-carat diamond.

Markle's wedding ring expected to follow royal tradition of Welsh gold

The royal tradition of using a wedding band of Welsh gold started nearly 100 years ago.

Royal blue diamond goes on sale

With few exceptions, no one knew about this gem's existence.

Forevermark builds presence in European markets following successful 2017 performance

De Beers Group today announced that its Forevermark diamond brand will enter the German market for the first time after signing with an exclusive licensee partner, and is in advanced-stage discussions with potential partners in France and Italy.

Fura Gems kicks off initial production at iconic Coscuez emerald mine

Early output of 1,720 carats of emeralds, including 826 carats of top quality ones, was achieved through a bulk-sampling program carried out within eight weeks of the completing the acquisition of the mine

Alrosa launches synthetics diamonds detector

The portable machine screens polished diamonds and jewellery, identifying synthetics as well as treated stones.

The price of lab-created diamonds continues to fall

The discount of gem-quality lab-created diamonds relative to natural diamonds has doubled from 11-20% a year ago to 28-40% today.

Moti doubles Zimbabwe investments as economy seen opening up

Moti Group is preparing to double its investments in Zimbabwe to $500 million after the removal of Robert Mugabe as president in November.

Zimbabwe changes majority black ownership for diamond, platinum mines

The mpowerment laws now limit majority ownership by state miners only to the diamond and platinum sectors, as oppose to the entire mining sector.