Diamond Mining News

Gemfields shares collapse on imminent delisting

The South African firm has secured control of the gemstones producer and plans to delist it.

Pallinghurst shareholders back acquisition of Gemfields

Gemfields has been at the centre of a bidding war between the South African private equity group and Fosun Gold, a unit of Fosun International.

Revised South African charter poses threat to miners, says Moody's

Ratings agency Moody's warned on Wednesday that new regulations seeking to accelerate black ownership in South Africa's mining industry would deter investment, raise costs and diminish cashflow generation.

Gemfields stock hit by Pallinghurst’s move to lower approval threshold for its bid

South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.

De Beers diamond sales up 1.5%

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2017.

China's Fosun sweetens offer for Gemfields

The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”

Alrosa finds 62.75-carat diamond at prolific Jubilee pipe

The miner's Jubilee pipe is famous for its large finds.

DMCC and ALROSA extend cooperation in Moscow meeting

World leading diamond mining company looks to grow with DMCC and Dubai

De Beers sends world’s top diamond-searching ship to explore off coast of Namibia

Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De Beers.

Gemfields beats own ruby sales record at Singapore auction

It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.

China's Fosun spices up battle for Gemfields with 10% bid premium

Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.

De Beers to host first auction for third-party exceptional polished diamonds

Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month, when the exceptional polished stones auction is held on 29 June.

Gem Diamonds finds two large rocks at flagship mine in Lesotho

The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.

ALROSA’s revenue from diamond sales up 33% up to $472.1 million

ALROSA, the world leader in diamond mining, has announced diamond sale results for May and the first five months of 2017.

EU regulation on responsible mining will be ineffective

The EU regulation on mineral sourcing that comes into force today will not be effective enough due to its limited scope and delay in implementation.

Anglo American appoints takeovers expert as new chairman

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

IIDGR unveils industry-first synthetic screening device for testing multiple stones in set jewellery

The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, today unveiled SYNTHdetect – the first synthetic screening device in the industry to test multiple stones in set jewellery at once without the need for a probe.

Top diamond miner's 36-year-old chief to prove himself with cuts

Son of Putin ally to focus on reduced costs in new role as CEO

De Beers South Africa takes state to court over export exemption

Exemption license for rough diamonds was reportedly denied

Mountain Province Diamonds jumps 11.4% on 53- and 84-carat finds

TSX and NASDAQ-listed company said it unearthed two gems, one at 53.9 carats and the other at 84.65 carats, from Gahcho Kué in April.

Gemfields steps up fight against takeover by largest investor

Company called Pallinghurst Resources' bid “derisory”, adding it "clearly undervalues" the firm.

Diamcor just found this rare green diamond at S. Africa project

The rock, a 5.36-carat green gem quality octahedron rough diamond, was unearthed at the company's Krone-Endora project, located next to the world’s third largest diamond mine.

De Beers’ Forevermark brand inscribes its 2 millionth diamond

The a 3.48 carat round brilliant, mined, cut and polished in Namibia, that now bears a ‘2,000,000’ imprinting.

ALROSA to participate in the development of the largest deposit in Angola

PJSC ALROSA, the world leader in diamond mining, will participate in the development of a new diamond deposit in Angola.

Dominion Diamond to seek permits for underground project at Ekati in Q3

The project, called Misery Deep, will require an investment of $6 million in 2018, $69 million in 2019 and $19 million in 2020.