December 19, 2023

Russia says it will have no trouble skirting latest EU sanctions

The new sanctions package bans the import of Russian-origin non-industrial diamonds.

December 17, 2023

India’s Modi says new diamond bourse in Gujarat to create 150,000 jobs

Surat, in Gujarat state, cuts and polishes 90% of the world's rough diamonds.

December 13, 2023

Petra Diamonds inks deal to sell idled Koffiefontein mine

Petra has signed a non-binding deal with an unnamed party for the potential sale of the South African diamond mine.

December 12, 2023

Anglo American’s falling shares fuel takeover rumours

Analysts say Anglo's current low valuation and diversified portfolio makes it an attractive target for potential buyers.

December 11, 2023

Lucapa fetches $17 million for four diamonds recovered from Lulo mine in Angola

The tender was conducted by Sodiam E.P in Luanda, and the Lulo parcel of 609 carats consisted of 4 Type IIa diamonds weighing 41 carats, 123 carats, 208 carats and…

December 8, 2023

Petra Diamonds says the worst is likely over

Petra's 20% increase in like-for-like prices for its latest tender of financial year 2024 supports its view that diamond prices have bottomed.

December 6, 2023

G7 to ban Russian diamonds, announce measures on price cap, assets

The group is expected to announce a direct ban as of Jan. 1.

December 5, 2023

Researchers map Australia’s path to address yearly A$4 billion on mine closure expenditures

Annual expenditures on mine closure and rehabilitation activities in Australia are expected to exceed A$4 billion by 2040.

November 29, 2023

Rio Tinto sells stake in Canadian diamond project, ups interest in copper

Rio Tinto sold its 75% interest in the Fort à la Corne diamond project in Saskatchewan, and is increasing its stake in a Yukon copper firm.

November 27, 2023

Angola’s new diamond mine opens against backdrop of weak demand

Luele's resource contains an estimated 628 million carats of diamonds with a mine-life of 60 years.