Diamond Mining News

CHART: High flying metals to fall back to earth in 2018

Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.

Alrosa recovers huge yellow diamond from Yakutia mine

The Russian company says more than twenty large rough diamonds over 50 carats have been extracted from its Jubilee pipe.

Canadian diamond producer dealing with water issues in South Africa

"The lower number of carats tendered and sold is attributable to a reduction in the volume of material being processed," the company revealed.

Responsible Jewellery Council certifies Alrosa's mining and business practices

The RJC conducted a months-long sustainability audit.

India trade ministry seeks lower tax on diamond miners

The commerce department has sought to scrap levies and introduce a presumptive tax of 0.25 percent on diamond mining companies.

Diamond Fields reclaims iconic name

It'll be known as Diamond Fields Resources, and he new trading symbol is "DFR".

De Beers reshuffles executive committee

Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.

Elite collection of natural fancy colour diamonds to be showcased in Los Angeles

Visitors to the Natural History Museum of Los Angeles (NHMLA) will have a rare opportunity to see some of the world’s most coveted natural fancy color diamonds at Green Diamonds: Natural Radiance, opening on December 9, 2017.

Diamond Fields to resume mining off Namibian coast next year

The country’s Ministry of Mines and Energy has renewed the Canadian miner's licence for ten years.

Sierra Leone ‘Peace Diamond’ sold for less-than-expected

The egg-sized, 709-carat rough yellowish diamond was sold for $6.5 million to luxury jeweller Laurence Graff, chairman of Graff Diamonds.

De Beers steps up efforts to remove ‘conflict diamonds’ from the market

Diamond giant is investing in an open platform that will allow tracing a rock throughout the entire value chain — from mine to buyer.

Rio Tinto appoints one of its own as the company’s new chairman

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

Alrosa’s 51-carat Dynasty diamond fails to sell at auction

The other four other stones of the collection were sold at an average premium of 30%.

Kimberlite deposit in Nunavut twice as deep as previously estimated

Peregrine Diamonds also found a very rare green diamond at the site.

Pink diamond gets $32 million, Patek sets Asian record

The oval stone, set in a ring embellished with smaller diamonds, sold after a three-minute contest. It was estimated to sell for as much as $42 million.

Brazil mining code unchanged as Senate fails to vote on bill

Brazil’s lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country’s current mining law.

Alrosa ready to auction the most expensive diamond ever polished in Russia

More than 130 potential buyers have already registered to participate in Wednesday’s online sale of the five-diamond collection, which includes the giant 51.4-carat Dynasty.

Prince Harry gives “invaluable” diamond ring to his fiancé

The jewel was designed by the Prince himself.

Petra Diamonds sees brighter 2018 after warning of debt breach

Despite possible breach of banking agreements, company execs believe finances will improve following lift of Tanzanian export ban.

Investors force Rio Tinto to ditch plans to have Mick Davis as chairman

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.

De Beers puts South Africa’s Voorspoed mine up for sale

Company says move paves the way for a lower-cost operator to take the diamond mine beyond 2020, when it is scheduled to close.

Brazilian miners up in arms as lawmakers hike iron ore, gold royalties

They claim it won’t be possible to cut costs enough to offset the higher levies, and warn that some miners may need to pass on this new cost increase to the industrial production chain.

Gem Diamonds finds seventh largest rock this year at Lesotho mine

It's a high quality 202-carat, D colour type IIa rock found at Letšeng mine, the world’s highest dollar per carat kimberlite diamond operation.

LME launches probe on cobalt suppliers over fears of child exploitation

The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.

Plans underway for world's biggest offshore diamond mining vessel

Debmarine Namibia, a 50/50 joint venture between the country and De Beers Group, tis planning for the construction of the world’s largest custom-built diamond mining vessel.