R/€ = 15.74 Change: -0.01
R/$ = 13.85 Change: -0.01
Au 1280.16 $/oz Change: -13.70
Pt 796.25 $/oz Change: -7.61


Lucara Diamond on track with diamond production

By: Melissa Zisengwe     25th May 2018 Lucara Diamond Corp. is pleased with the progress and developments it has made during the year to date, with the company doing significant work in Botswana and remaining consistent in quality-diamond production. “We are on track to produce the 2018 production estimate, which is 270 000 ct to 290... 

Body calls for steering committee to ‘delve into’ alluvial diamond sector’s 15-year decline

By: Natasha Odendaal     25th May 2018 The only way to solve the rapid downward spiral of South Africa’s distressed alluvial diamond industry is to convene all stakeholders to brainstorm collaborative solutions to the challenges. The South African Diamond Producers Organisation (Sadpo), raising a red flag over the struggles of small... 

Signet joins De Beers' Tracr blockchain platform pilot

By: Anine Kilian     24th May 2018 Signet Jewelers will become the first retailer to join De Beers Group's end-to-end diamond blockchain pilot programme, known as Tracr. Tracr aims to complete the first digital link all the way from diamond production through to retail. 

Petra’s shares fall on $178m proposed rights issue

By: Simone Liedtke     24th May 2018 Petra Diamonds’ share price on the LSE fell by more than 20% on Thursday after it announced plans to raise $178-milion, or about £133-million, through a fully underwritten 5 for 8 rights issue. The diamond miner, which has operations in South Africa and Tanzania, said its cash flow generation... 

Optimistic diamond price outlook could underpin a return to profit, dividends – Zimnisky

By: Henry Lazenby     24th May 2018 Absent any significant global economic disturbances disrupting consumer diamond demand, incremental year-on-year diamond production declines are forecast to drive real diamond prices up by about 10% cumulatively from 2018 through 2021, or 17% in nominal terms, a new report by independent analyst... 

Forevermark appeals to Millennials with new flagship store in China

By: Marleny Arnoldi     23rd May 2018 De Beers Groups’ Forevermark brand has launched Libert’aime by Forevermark – a new flagship store in Shanghai, China.  

Alrosa reopens office in world’s largest diamond jewellery market

By: Creamer Media Reporter      22nd May 2018 Russian diamond miner Alrosa has successfully held its first auction in two years in the US, following the recent reopening of its representative office in New York. The New York office was first opened in 2006, but has not operated since 2016. 

De Beers’ rough diamond sales increase to $550m in fourth sales cycle

By: Anine Kilian     22nd May 2018 Diamond producer De Beers reported an increase in rough diamond sales to $550-million for the fourth sales cycle of this year. This is compared with rough diamond sales of $522-million in the fourth cycle of 2017 and sales of $524-million in the third cycle this year. 

Gem recovers 115 ct diamond from Letšeng

By: Anine Kilian     22nd May 2018 LSE-listed Gem Diamonds has recovered a 115 ct, top white colour Type IIa diamond from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.  This is the ninth diamond of over 100 ct recovered at the mine this year, already exceeding the total number of... 

Young, bridal jewellery consumers to drive platinum demand

By: Nadine James     18th May 2018 Young, bridal and self-purchasing jewellery consumers are emerging to contribute to platinum demand growth this year, the Platinum Guild International (PGI) reports. In its ‘2017 Platinum Jewellery Business Review’, the PGI found strong consumer retail sales growth in the US, Japan and India for... 

Lucapa's Lulo delivers up more diamonds for sale

By: Esmarie Iannucci     18th May 2018 Diamond miner Lucapa Diamond Company has generated a further A$4-million in sales from a parcel of 1 632 ct of diamonds from its Lulo project, in Angola. The miner said on Friday that the parcel did not include the gem quality 46 ct pink diamond or other large special diamonds recently recovered... 

Diamond-tracking blockchain platform to be launched this year

By: Natasha Odendaal     18th May 2018 Following the successful digital tracking of 100 high-value diamonds from mine to retail in a pilot of Tracr, the first blockchain platform to span the entire diamond value chain is now set for official launch later this year. De Beers is collaborating with BCG Digital Ventures to build the... 

Russia's Alrosa may buy diamond polisher Kristall in 2018 - Finance Ministry

By: Reuters     17th May 2018 Russian diamond miner Alrosa may buy State-owned diamond polisher Kristall in 2018, Russia's Deputy Finance Minister Alexei Moiseev said on Thursday. Alrosa, the world's largest rough diamond producer by output, said previously it was "expedient" for it to buy Kristall when the state-owned... 

Diamond jewellery demand at all-time high – De Beers

By: Simone Liedtke     17th May 2018 Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to $82-billion, a 2% increase on the previous year, according to industry insight data published by De Beers on Thursday. The US was the main driver of growth for the fourth consecutive year, where positive... 

Tanzanite miner gets bill as Tanzania cracks down on lost mineral revenues

By: Reuters     17th May 2018 Tanzanian gemstone miner Tanzanite One has agreed to pay compensation and overdue taxes to the government after unspecified violations led to losses in public revenues, the President's office said. President John Magufuli's government accuses mining firms of cheating Tanzania out of its fair... 

Lerala Diamond Mine Limited is going on auction

17th May 2018 Whether you’re an established or junior miner interested in expanding your mining portfolio, GoIndustry DoveBid SA proudly presents the disposal of Lerala Diamond Mine. Lerala Diamond Mine Ltd is in Liquidation and is being taken to public auction via GoIndustry’s trusted online bidding platform.... 

Alrosa sees rosy prospects from colourful diamonds

By: Reuters     16th May 2018 Russia's Alrosa, the world's largest diamond producer by output, plans to boost revenue from selling rare, coloured stones where demand is stable, although it is a niche business. Nature gives fancy colours to about one in every 10 000 rough diamonds of gem quality that are mined around the world. 

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Mountain Province welcomes former De Beers CFO as new CEO

By: Henry Lazenby     15th May 2018 Canadian diamond producer Mountain Province Diamonds has appointed Stuart Brown as incoming president and CEO, effective from July 1, to replace interim president and CEO David Whittle, who took the helm following the immediate departure of former president and CEO Patrick Evans in June last... 

Botswana President eyes jobs in new 'marriage' with De Beers

By: Bloomberg     15th May 2018 Botswana’s President, Mokgweetsi Masisi, wants a new long-term diamond-sales pact with De Beers when the current ten-year deal expires in 2020 and for more gems to be processed locally. The conclusion of an accord is crucial for both Botswana, which relies on diamonds for almost a fifth of its... 

Alrosa steps up diamond marketing as miner eyes more cutting

By: Bloomberg     15th May 2018 Alrosa, the world’s largest diamond miner by output, is increasing its marketing efforts and targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize. The Russian firm, which typically hasn’t promoted stones outside Russia, last year... 

Liqhobong GM to succeed Brown as CEO of Firestone Diamonds

By: Simone Liedtke     14th May 2018 Paul Bosma has been appointed to succeed Stuart Brown as CEO of Aim-listed Firestone Diamonds, with effect from July 1. Bosma has more than 24 years’ experience in the mining industry, of which 14 years have been in the diamond sector working for diamond major De Beers. 

Billionaire Beny Steinmetz is digging for diamonds again

By: Bloomberg     14th May 2018 Billionaire Beny Steinmetz is back to mining diamonds. The Koidu mine in Sierra Leone, controlled by the billionaire’s family trust, has started mining again after halting production for almost a year. It’s the latest step in a recovery for a business that’s spent much of the last few years in... 

Russia’s Alrosa renews cooperation with Belgium diamond centre

By: Rebecca Campbell     11th May 2018 Russian diamond mining major Alrosa and the Antwerp World Diamond Centre (AWDC) entered a new extended cooperation agreement late last month. The agreement was signed in Moscow by Alrosa CEO Sergey Ivanov and AWDC CEO Ari Epstein, the miner reported in a press release. The new deal both extends... 

De Beers marks first digital tracking of a diamond’s journey from mine to jeweller

By: Natasha Odendaal     10th May 2018 Diamond conglomerate De Beers Group has successfully tracked 100 high-value diamonds along the value chain during the pilot phase of its new industry blockchain platform. A selection of rough diamonds, mined by De Beers, were tracked through an immutable and secure digital trail that was created... 

Ghana mulls shake-up of mining policy in bid to boost income

By: Bloomberg     9th May 2018 Ghana is benefiting little from its mineral wealth and needs a review of its mining code and tax policies, said Vice President Mahamudu Bawumia. While the West African nation holds a 10% stake in most mines in the country, it has earned almost nothing in dividends since 2012, rendering the... 

Lucara Q1 loss widens

By: Anine Kilian     9th May 2018 Lower revenues, higher depletion and amortisation costs and higher administrative and other expenses contributed to a widening in Lucara Diamonds’ net loss to $7-million for the quarter ended March 31, compared with a loss of $1.5-million in the first quarter of 2017. The Vancouver-based miner,... 

Zimbabwe Mining & Tax Law briefing to be held in Johannesburg will shed light on new legislation and expected changes

4th May 2018 With its vast mineral wealth potential, the mining sector in ZImbabwe is set to play a key role in the country’s projected growth forecasts. The Zimbabwe government has stated that it is committed to supporting investors. Zimbabwe’s Mines minister, Winston Chitando, recently said the country has... 

De Beers reports significant increase in diamond production

By: Rebecca Campbell     4th May 2018 Diamond group De Beers has reported that its total production had increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater production at... 

Lucapa recovers largest coloured diamond from Lulo

By: Marleny Arnoldi     3rd May 2018 Lucapa Diamonds has recovered a large 46 ct gem-quality pink diamond from its Lulo mine, in Angola.  

Zimbabwe to sign $700m coal-bed methane deal this month

By: Bloomberg     3rd May 2018 Zimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said. The accord comes as new President Emmerson Mnangagwa, who took office in November, courts foreign investment to rebuild an economy that halved... 

Alrosa nets $14.8m in Vladivostok large diamond auction

By: Creamer Media Reporter      3rd May 2018 The United Selling Organisation (USO) of Alrosa has sold 101 special size diamonds (weighing more than 10.8 ct) at its most recent auction in Vladivostok, netting a total revenue of $14.8-million. The Russian diamond mining company invited 86 companies from the world’s main diamond trading hubs,... 

Botswana Diamonds, Vast to collaborate on Zim diamond mining

By: Marleny Arnoldi     2nd May 2018 Aim-listed Botswana Diamonds has signed a memorandum of understanding with Vast Resources for the exchange of information derived from past exploration on areas prospective for diamonds in Zimbabwe.  

Gem Diamonds appoints deputy CEO

By: Marleny Arnoldi     2nd May 2018 Diamond miner Gem Diamonds has appointed COO Johnny Velloza as deputy CEO with immediate effect.  

Halted Botswana diamond mine to be sold at online auction

By: African News Agency      1st May 2018 A diamond mine in Botswana, owned by now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers, reports The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales,... 

Captive Canadian miners decry minister’s move on Bill C-49

By: Henry Lazenby     30th April 2018 Canadian miners are voicing frustration and concern over the federal government’s removal of a Senate amendment relating to final offer arbitration (FOA), and with its modification of an amendment giving the Canada Transportation Agency own-motion power, in Bill C-49 – legislation that amends the... 

Kimberley Diamonds' Botswana mine to be auctioned online

By: Bloomberg     30th April 2018 A diamond mine in Botswana will be offered for sale at an online auction after its liquidators failed to secure viable offers. Online bids for the Lerala Diamond Mine open at 17:00 on May 24 and run through 14:00 on May 30, according to a statement published in the weekly Monitor newspaper by the... 

Gem lifts Q1 production, sales

By: Anine Kilian     26th April 2018 LSE-listed Gem Diamonds’ carat recoveries increased by 32% year-on-year to 33 526 ct for the three months ended March 31, compared with the 25 479 ct recovered in the first quarter of 2017. Carat recoveries also rose by 10% on the 30 560 ct recovered in the December 2017 quarter. 

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