Diamond Mining News

INFOGRAPHIC: The true costs of artisanal mining

Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?

Fura Gems to restart Colombia’s iconic Coscuez emerald mine in April

New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."

Botswana Diamonds just raised more than $695K to boost exploration

Proceeds from the placing will fund ongoing diamond exploration in South Africa and Botswana, and will also provide the company with additional working capital, the company said.

Tracing diamonds from mine to market possible with this technology

Diamond traceability back to the mine of origin – vital to the international due diligence movement for precious gems and minerals – just took a giant step forward. SCS Global Services, an internationally recognized certification body and standards developer, is pleased to announce that its diamond provenance certification program now incorporates advanced laser testing that can identify the source of any rough, cut, or polished diamond, anywhere in the chain of custody. 

Gemfields reveals and denies fresh human rights abuse claims in Mozambique

As part of Gemfields' philosophy of “total transparency”, the company revealed is facing claims of human rights abuses in Mozambique, where it mines rubies.

Lucapa recovers first diamonds from Lesotho mine

The largest diamond recovered in the first test run was 6.6 carats.

De Beers’ Namibia venture puts mine up for sale, at least 130 jobs to go

Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.

Political shifts lift investor mood in southern African mining

Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.

Zimbabwe to consider waivers on platinum, diamonds ownership law

Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.

Sotheby’s expects over $33 million for world's largest, rarest, flawless round diamond

The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Zimbabwe to enter lithium market with $1.4bn mine

Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.

De Beers on exploration spree as secures South Africa licences

The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo.

Diamond prices on the rise this year

Diamond market sentiment improved in January, with firm prices after retailers reported a better-than-expected holiday season.

Anglo takes down South Africa sale sign and may even buy

Anglo raised the possibility it could start buying assets in SA, the latest sign of how much has changed in two years, when the miner was focused on selling.

Pile-of-cash dilemma for mining industry once crippled by slump

With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about $87 million a day.

Lulo diamonds sell for A$11.4 million

The sale of 4,170 carats of Lulo diamonds achieved gross proceeds of US$9.14 million (A$11.43 million), representing an average price per carat of US$2,192.

Argyle pink diamond coin unveiled in Berlin

Rio Tinto and The Perth Mint are delighted to unveil the first pavé set Argyle pink diamond gold coin.

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

Gem Diamonds shares up on better sales, prices and string of 100-carat plus rocks

The company, which last month found the world’s fifth-biggest diamond in history at its flagship Letšeng mine in Lesotho, sold 21% more rocks in last quarter of 2017.

Lucapa finds over a hundred diamonds at Australian project

The 119 diamonds recovered from the Little Spring Creek lamproite drill core samples included seven macro diamonds and 112 micro-diamonds.

New large stones found at Yubileynaya pipe

In January 2018, ALROSA recovered two gem-quality stones weighing 97.92 carats and 85.62 carats.

Chinese consumers are willing to buy diamond jewelry next year more often than Americans – research

ALROSA and GfK research company conducted an extensive research of diamond consumers in the US and China. What they discovered was interesting.

These are top-10 global mining trends expected for 2018

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

ALROSA's subsidiary supplies 27 X-ray sorters for the Cullinan Mine

The Cullinan Mine is owned 74% by Petra Diamonds Limited and is renowned as the source of very rare blue diamonds and large, high quality gem diamonds.