R/€ = 16.58 Change: 0.07
R/$ = 14.33 Change: 0.04
Au 1228.20 $/oz Change: 0.51
Pt 841.00 $/oz Change: -2.54


Giant pink diamond discovered could be Alrosa's most expensive

By: Bloomberg     22nd September 2017 Russia’s Alrosa has unearthed a pink diamond that the gem giant says could be the most expensive it has ever found. Alrosa, which produces more stones than anyone else, found the 27.85 ct pink gem at its alluvial mines in Russia’s Far East. The company said the biggest pink diamond it had... 


By: Martin Creamer     15th September 2017 The Dynasty, above, cut from a 179 ct rough diamond discovered in Russia by State diamond company Alrosa, is a 51.38 ct traditional round brilliant-cut diamond, with 57 facets. It has the potential to be most expensive diamond ever sold in Russian history when it is auctioned online in November.... 

Campaign for more diamond ads wins support from India's gem hub

By: Bloomberg     14th September 2017 The push for bigger diamond advertising campaigns and marketing to wealthy millennials has won support from a key part of the industry: India’s manufacturers and retailers. India’s Gem & Jewellery Export Promotion Council, which represents almost 6 000 diamond companies, has agreed to contribute... 

Alrosa records slight y-o-y increase in August diamond sales

By: Mariaan Webb     7th September 2017 Russian diamond major Alrosa on Thursday reported a 3.3% year-on-year increase in rough and polished diamond sales, in what is traditionally a low season for trading. The company sold $257.6-million worth of diamonds in August, comprising rough diamond sales of $255.7-million and polished diamond... 

Russia plans gem reform to compete with India's million workers

By: Bloomberg     6th September 2017 Russia wants its biggest diamond miner to work more closely with the country’s top gem cutters so the industry can better compete in a market that’s dominated by Indian manufacturers. As part of a plan to boost the competitiveness of Russian diamonds, the government wants  Alrosa PJSC to offer... 

Alrosa’s Ivanov appointed to Diamond Producers Association board

By: Creamer Media Reporter      4th September 2017 Russian mining giant Alrosa president Sergey Ivanov has been appointed to the board of the Diamond Producers Association (DPA). Founded in 2015, the DPA comprises seven leading diamond producers and aims to promote the industry through the implementation of marketing initiatives.  

Sberbank VP joins Alrosa as head of sales division

By: Creamer Media Reporter      23rd August 2017 Russian diamond mining group Alrosa has appointed former Sberbank VP Evgeny Agureev as director of its sales division. Agureev is succeeding Yury Okoemov, who acted as director of the United Selling Organisation of Alrosa (USO). 

Alrosa says 2017 output target unchanged despite accident - Ifax

By: Reuters     14th August 2017 Russian state-controlled diamond miner Alrosa's 2017 production plans remain unchanged despite an accident at its Mir underground mine in eastern Siberia, it said on Monday. Rescue teams are still searching for eight workers in Alrosa's underground Mir mine in the remote Yakutia region of... 

Romanov dynasty gets nod in trove with record Russia diamond

By: Bloomberg     2nd August 2017 The most-expensive diamond ever polished in Russia will be shown in Moscow as part of a collection of gems named after the dynasties of the Romanov-era Imperial Court. In 2015, Alrosa discovered a giant, 179-ct rough diamond in a mine in the northeast region of Sakha, naming it Romanov after the... 

PEA recommends opencut diamond mine in eastern Finland – Karelian

By: Mariaan Webb     1st August 2017 Dublin-headquartered Karelian Diamond Resources has received the results of a preliminary economic assessment (PEA) for its Lahtojoki kimberlite pipe in eastern Finland, which recommends that a mine should be developed to extract more than $200-million worth of diamonds. The PEA, which was... 

Why Russia's market is rising after sanctions Bill approval

By: Bloomberg     27th July 2017 The US House has approved a bill hardening sanctions against Russia, but European resistance to some of its toughest new measures means the impact on companies will be muted, according to Goldman Sachs Group and Deutsche Bank. As it stands now, the most negative aspect of the bill for Russia,... 

Alrosa's H1 diamond output up 14%

By: Mariaan Webb     24th July 2017 Russian mining giant Alrosa boosted its diamond production by 14% year-on-year in the first six months of 2017, as higher diamond grades were achieved from several pipes. The company produced 19.3-million carats of rough diamonds from the processing of 16.9-million tons of ore and sand. 

Alrosa discovers two large diamonds

By: Mariaan Webb     20th July 2017 Russian diamond major Alrosa has discovered two large diamonds this week, one of which weighs nearly 110 ct and the other a 75 ct stone. The larger of the two diamonds was recovered at the No 3 processing plant of the Mirny mining and processing division on Tuesday, and the other diamond was... 

Rough diamond market stable – Alrosa

By: Creamer Media Reporter      14th July 2017 Diamond mining major Alrosa has sold $2.497-billion worth of rough and polished diamonds in the first six months of 2017. Rough diamond sales comprised $2.442-billion of the total sales. 

Alrosa reaffirms investments in projects in Angola, at home

By: Keith Campbell     14th July 2017 Russian diamond miner Alrosa has reaffirmed its confidence in the future of diamond mining in Angola. “We see a lot of potential in our infrastructure projects, including those in Angola,” stated Alrosa president Sergey Ivanov at the groups’ Annual General Meeting (AGM) at the end of last month.... 

Karelian granted claim reservation over area which may contain new kimberlite

By: Mariaan Webb     28th June 2017 Prospector Karelian Diamond has been granted a claim reservation in the Kaavi region of Finland, which the Aim- and ESM-listed company is hoping could lead to the discovery of a new kimberlite in the area. The 8.67 km2 claim reservation is for the area surrounding its Lahtojoki mining concession... 

Alrosa, Dubai trader strengthen ties

By: Megan van Wyngaardt     15th June 2017 The Dubai Multi Commodities Centre (DMCC) and Russian diamond miner Alrosa have agreed to enhance diamond trade cooperation. The parties discussed options for expanding Alrosa’s trading activities at the Dubai Diamond Exchange – a DMCC entity – as well as agreements on enhanced efforts to stem... 

Local diamond mining industry still holds ‘lots of potential’ – Botswana Diamonds

By: Megan van Wyngaardt     9th June 2017 With world diamond prices currently “very unexciting” and with stagnant growth forecast for jewellery sales, junior miners should think long and hard before investing in diamond exploration projects, as there is a risk of decreased investment from the market. Speaking at the Junior Mining Indaba,... 

Angola, Russia jointly developing new diamond projects and others

By: Keith Campbell     9th June 2017 Angola and Russia have committed themselves to deepening their economic cooperation, not least in the area of mining. This was made clear during the recent visit to the African country by Russian Vice Premier Yury Trutnev. Among others, he held talks with Angolan State Secretary for Geology and... 

Govt continues to encourage investment beyond diamonds

By: Simone Liedtke     26th May 2017 Botswana's mining industry will see steady value growth as government continues its efforts to diversify away from the diamond sector, encouraging foreign investment, particularly in coal projects, says industry analyst BMI Research, a Fitch Group company. 

Geologists, mineralogists exploring new Botswana licences

By: Simone Liedtke     26th May 2017 A second fieldwork programme at the six new prospecting licences (PLs) in Botswana awarded to the Sunland Minerals joint venture (JV), including initial sampling and geophysics, is planned for September 2017.  

Analyst sees global diamond output rising 11.5% in 2017

By: Henry Lazenby     9th May 2017 Global mined diamond output in 2017 is expected to increase 11.5% year-over-year to 142.3-million carats, worth some $15.6-billion, which itself is a 9.9% increase in forecast total value produced, evaluation by independent diamond analyst Paul Zimnisky has found. The top ten largest mines in the... 

Six new prospecting licences awarded to Botswana Diamonds

By: Martin Creamer     25th April 2017 London Aim-listed Botswana Diamonds on Tuesday announced that its joint venture (JV) with the large Russian diamond company, Alrosa, had been awarded of six new prospecting licences in Botswana.   Four are in the Central Kalahari Game Reserve (CKGR) and two are in the Orapa kimberlite province... 

Alrosa lifts March diamond sales 1% y/y

By: Henry Lazenby     11th April 2017 The global leader in rough diamond production, Russia’s Alrosa, has increased total diamond sales for March by 1% year-on-year to $566.6-million, as stable demand in most rough diamond categories buoyed prices. Rough diamond sales by Alrosa in March amounted to $554.2-million, with polished... 

Botswana Diamonds continues to progress exploration programmes

By: Anine Kilian     27th March 2017 Aim-listed Botswana Diamonds has completed a drilling programme on PL 186, on the Maibwe ground, in the Kalahari Desert, it said in a statement of Monday. “We identified the locations of the previously drilled holes where significant quantities of diamonds were discovered. We drilled three... 

Diamond analyst Zimnisky sees buoyant Q1 diamond demand

By: Henry Lazenby     9th March 2017 First-quarter demand for rough diamonds has increased over the preceding three-month period, and also relative to a year earlier, as a comparatively mediocre Christmas season 2016 was offset by strong 2017 Chinese New Year sales that have driven seasonal restocking demand. Most, but not all,... 

Botswana Diamonds raises funds as exploration activities gain momentum

By: Anine Kilian     27th February 2017 Aim-listed Botswana Diamonds has raised £525 000 through the placing of 35-million new ordinary shares at 1.5p a share. The net proceeds of the placing will be used to fund ongoing kimberlite drilling at its Frischgewaagt property in South Africa, drilling in Botswana, exploration work in South... 

Angola seeks to boost its mining sector

By: Keith Campbell     17th February 2017 The State-owned Empresa Nacional de Diamantes de Angola (Endiama – National Diamond Company of Angola) will not need additional investors to develop its Luaxe project, assured company President António Carlos Sumbula at the Angola Business Forum during the recent Mining Indaba in Cape Town.... 

New challenges abound in fundamentally changed diamond market

By: Henry Lazenby     11th January 2017 The future of the diamond industry hinges on the follow-through of structural changes that have been prompted by the challenges the industry faced, and the opportunities presented in a fundamentally changed diamond market, independent diamond analyst Paul Zimnisky says in a new blog post. He... 

Diamond tables are turned as market discipline, restocking support prices in 2016

By: Henry Lazenby     16th December 2016 The Zimnisky Global Rough Diamond Price Index is up 12.1% in 2016 through to mid-December, driven higher in the first-half of the year as firm market demand for rough returned as manufactures restocked following the 2015 holiday season. The brainchild of independent diamond analyst Paul Zimnisky,... 

‘Exciting prospect’ awaits decision

By: Robyn Wilkinson     16th December 2016 Diamond explorer and project developer Botswana Diamonds is in discussions with its joint venture (JV) partner, Botswana State-owned copper and nickel producer BCL, to undertake essential verification drilling on a cluster of diamond-bearing kimberlite pipes at the Maibwe exploration project in... 

James Campbell joins Botswana Diamonds as MD

By: Megan van Wyngaardt     1st December 2016 Aim-listed Botswana Diamonds has appointed James Campbell MD with immediate effect. He will be based predominately in Johannesburg and will work closely with rough diamond miner Alrosa on the parties’ joint venture (JV) Orapa and Gope licences. 

Botswana Diamonds JV to begin exploration in Orapa and Gope

By: Anine Kilian     9th September 2016 Aim-listed Botswana Diamonds’ JV with Russian diamond producer Alrosa will begin exploration in the Orapa and Gope areas of Botswana at the end of September.   “The Alrosa/Botswana Diamonds JV will begin an intensive 12-week exploration programme on our ground in Botswana. Core holes will be... 

Alrosa helps start Russian diamond hub targeting Asian market

By: Bloomberg     2nd September 2016 Alrosa PJSC is helping to start a diamond center in Russia’s Far East to attract trading and manufacturing companies, and boost gem sales to Asian countries including China, the second-biggest buyer. About $1-billion of business should go through the Eurasian Diamond Center in 2018, when more... 

Alrosa recovers 136.24 ct diamond in Russia

By: Henry Lazenby     15th August 2016 Russian mining major Alrosa has recovered a formidable 136.24 ct diamond from the Nyurbinskaya kimberlite pipe, in Yakutia, Russia, the company revealed on Monday. The gem-quality rough diamond, which is classified as a 3 Black Makeable 1 Сolour, measured 29.32 × 23.88 × 21.9 mm and wis one of... 

Mining solutions provider expands in CIS countries

By: Robyn Wilkinson     22nd July 2016 Despite globally depressed iron-ore prices, there are still opportunities for the supply of minerals processing solutions in Commonwealth of Independent States (CIS) countries like Russia and China, says mining equipment specialist Osborn Engineered Products export director Martin Botha. 

Order book for Russia's Alrosa share sale fully covered – sources

By: Reuters     7th July 2016 The order book for a share placement in Russian diamond producer Alrosa is fully covered, two financial market sources told Reuters on Thursday, quoting information from organisers of the placement. Russia on Wednesday launched the sale of 10.9% of ordinary shares in Alrosa, the world's largest... 

Osborn to supply grizzly feeder, jaw crusher to Angolan mine

By: Dylan Slater     1st July 2016 Mining equipment manufacturer Osborn Engineered Products, last month, secured a R12-million export order to a mine in Angola, for robust machines that will enable the world’s fourth largest diamond mine to process the more competent material which it is currently mining.  

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