September 5, 2017

De Beers diamond sales down 20% on earlier Diwali

The world’s largest rough diamond producer by value reported provisional revenue of $505 million compared with $639 million in the same period a year earlier.

August 31, 2017

ALROSA invites independent auditor to analyze causes of accident at Mir mine

An independent audit will be conducted to make an overall assessment of all decisions and actions at the design, construction and operation stages of Mir underground mine.

August 30, 2017

Brazil judge blocks decree allowing mining in Amazon

Federal judge Rolando Spanholo said opening the area known as Renca to mining can only be done by an act of Congress under the constitution.

August 30, 2017

De Beers marketing spend increase will boost global sales — WFDB

Although De Beers intends to spend most of the money on its own brands, Forevermark and De Beers Diamond Jewellers, all advertising is good for the wider diamond trade since…

August 30, 2017

De Beers to make largest investment in diamond marketing since 2008

Diamond giant will spend more than US$140 million in marketing this year.

August 29, 2017

Rio Tinto unveils its largest red diamond at Australian debut

Rio Tinto today unveiled the largest Fancy Red diamond in the history of its Argyle Pink Diamonds Tender during its Australian preview.

August 28, 2017

India launches world’s first diamond futures exchange

The Indian Commodity Exchange Limited (ICEX) will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts.

August 24, 2017

Brazil to let mining happen in Amazon area the size of Switzerland

The region, preserved as a national reserve for more than three decades, is thought to be rich in gold, iron ore, copper and other minerals.

August 22, 2017

Scientists figure out how to make it rain diamonds

It's the first time the event has been reproduced in a lab environment similar to the one within Neptune and Uranus.

August 18, 2017

Changes to Brazil mining law to bring mostly higher taxes, costs — experts

Experts and mining companies fear some of the modifications that go in effect in November, will result in hefty taxes, higher research costs and decrease interest from foreign investors.