November 29, 2019

Lucara bets on diamond market recovery, plans mine expansion

The company has earmarked $53 million for early work on a planned underground mine at Karowe. A final investment decision will be made in the second half of 2020.

November 28, 2019

Zimbabwe’s ZCDC plans debut international diamond sale in 2020

ZCDC has cut its diamond production forecast for this year by 24% to 3.1 million carats, but sees a rebound to 6.12 million carats in 2020.

November 27, 2019

Tomra sorter boosts Lucara’s exceptional finds

Lucara’s success at the Karowe mine continues, most recently with rare gem quality blue and pink diamonds recovered in September 2019.

November 22, 2019

Diamond sector battles crisis fatigue

A non-remote diamond discovery – and potentially mine – could be a game changer for the industry, and a balm to soothe its crisis fatigue

November 21, 2019

De Beers Namibian diamond venture seeks tax breaks to extend operations

Diamond mining is the largest taxpayer in Namibia and generates 20% of the southern African country's export earnings.

November 21, 2019

Pink diamonds deliver strong results for Rio

The miner reported double-digit growth in the number of bids for its 2019 Argyle Pink Diamonds Tender.

November 21, 2019

Alrosa keeps Russian doll-type diamond in rare-find collection

The selection of rare stones already includes a skull-shaped and a football-liked rough diamond that were mined in recent years.

November 20, 2019

Countries reminded of consequences of inaction on the Kimberley Process

The World Diamond Council said that member countries need to reach an agreement on necessary reforms.

November 15, 2019

Global public consultation launched on tailings dam standards

The initiative aims to prevent a repeat of Vale's tailings dam burst in January, which killed 300 people.

November 15, 2019

Blue diamond found by struggling Petra sold for $14.9 million

The 20-carat blue, gem quality stone, was acquired by a “leading diamond company” that wishes to remain anonymous, Petra said.