December 4, 2017

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.

December 1, 2017

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%.

November 30, 2017

Kimberlite deposit in Nunavut twice as deep as previously estimated

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

November 30, 2017

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.

November 29, 2017

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.

November 28, 2017

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.

November 27, 2017

Prince Harry gives “invaluable” diamond ring to his fiancé

The jewel was designed by the Prince himself.

November 27, 2017

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.

November 27, 2017

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.

November 27, 2017

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.