November 5, 2020

Russia’s top gold buyer bets on precious metals as virus rages

VTB Capital became Russia’s biggest bullion buyer after the country’s central bank stopped purchasing the metal earlier this year.

November 4, 2020

Lucara strikes new cut and polish deal with Louis Vuitton

The luxury house will turn Lucara’s 549-carat Sethunya diamond into fine jewellery.

November 4, 2020

Angola to launch diamond exchange in Luanda in 2021

The government has identified key steps it needs to take before opening the planned diamond exchange by the end of next year.

November 3, 2020

Rio Tinto closes Argyle diamond mine after 37 years

The mine was the world's largest by volume and the main global source of high-quality pink diamonds.

October 28, 2020

Gem Diamonds back in the black on higher prices

Gem Diamonds reduced its net debt by $6.6 million in the July-September quarter, ending the period with $1.1 million in cash.

October 27, 2020

Stronger diamond prices lift Petra Diamonds’ Q1 revenue

Production fell 10% year on year to 974,346 carats due to the ongoing closure of the Williamson mine in Tanzania.

October 26, 2020

Alrosa to combine all cutting, polishing facilities into single entity

The top diamond miner by output wants better rough diamond allocation and streamlined production processes.

October 23, 2020

Rio asks court to OK sale of Dominion’s diamonds

The company is hoping to recover around C$120 million plus legal fees and other costs.

October 22, 2020

Anglo American output in Q3 jumps, thanks to Collahuasi

Total production climbed by 24% from Q2 on the back of continued strong performance of Collahuasi copper mine in Chile.

October 22, 2020

Petra to sell blue diamonds recovered at Cullinan

The South African miner launched the Letlapa Tala Collection, which means ‘blue rock’ in Northern Sotho.