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.

August 17, 2017

De Beers partners with Stanford Graduate School of Business to empower youth and entrepreneurs in southern Africa

De Beers Group today announced a US$3 million investment in a three-year partnership with Stanford Graduate School of Business (GSB) to empower young, aspiring entrepreneurs and established business owners in…

August 17, 2017

Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls

The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.

August 15, 2017

Search for four missing workers trapped at Russia’s Alrosa mine fails

Water level makes it "too risky" for rescuers to try accesing area where miners were believed to be when the accident happened.

August 14, 2017

Alrosa to keep 2017 output target unchanged despite Mir accident

The world’s top diamond producer by output in carats still expects to produce about 39 million carats this year.

August 14, 2017

Stellar Diamonds extends sale of Guinea assets, refinances loan

The diamond miner decided to offload those units to focus on its Tongo-Tonguma project in Sierra Leone, which has the potential to generate earnings of $45 million a year.

August 11, 2017

Former chief executive of Mountain Province to lead Dominion Diamond

Patrick Evans will become the new CEO once a deal to purchase the Canadian diamond company closes later this year