March 6, 2018

De Beers rough diamond sales for Cycle 2, 2018

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2018.

March 6, 2018

Global diamond supply expected to decrease this year

Paul Zimnisky, an independent diamond industry analyst, estimates supply will fall 3.4% to 147 million carats.

March 5, 2018

Thirty-three illegal miners arrested at abandoned site in South Africa

According to the Chamber of Mines of South Africa, illegal miners in the country usually belong to organised crime syndicates.

March 5, 2018

Stellar Diamonds mulls takeover offer as losses deepen

Miner posted a net loss of $984,928, compared to a $663,145 loss a year earlier, due to an increase in costs of developing its Tongo-Tonguma diamond project in eastern Sierra…

March 5, 2018

Lucapa fetches $1.7 million in diamond sales from Lulo

Figures takes proceeds from Lulo diamonds sales so far this year to $10.8 million, at an average price per carat of $1,731.

March 2, 2018

Angola offers former dos Santos diamond rights to investors

Angola is one of the world’s top 5 diamond producers, but much of the territory remains under-explored due to 27 years of civil war.

March 1, 2018

Stellar Diamonds Sierra Leone project takes key step forward

Funding for the project has not been secure yet, though the miner is in talks with Newfield Resources over a possible offer.

February 26, 2018

Venezuelan government defends Mining Arc, environmentalists say it’s not working

Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.

February 26, 2018

Lucara Diamond names new CEO, invests in digital sales platform

Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain.

February 24, 2018

5 record breaking gemstones even billionaires can’t buy

The global economy is booming and demand for precious jewels, particularly colored gemstones, has never been higher.