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A ban on imports of Russian diamonds is expected to be agreed by Group of Seven nations in the next two or three weeks, a Belgian official said Friday. The mechanism will consist of a direct ban on...
In a diamond market that is softer than anticipated, London-listed Petra Diamonds is moving ahead with confidence despite a downturn in its financial performance for the year ended June 30, 2023....
De Beers decided to call time on offering lab-grown diamonds for engagement rings even as the man-made alternatives continue to cannibalise demand in one of the company’s most important markets....
The share price of diamond miner Burgundy Diamonds jumped more than 16% on Wednesday after the company flagged higher revenue for the third quarter to date, following the acquisition of the Ekati...
Diamond producer Botswana Diamonds (BOD) states that mining at the dumps of the company’s Marsfontein project is ongoing. In an update on its Marsfontein and Thorny River projects, in South Africa,...
Copper mining company Copper 360, which announced in August that its School of Mining was under development at Concordia operation in the Northern Cape, has launched its first set of courses, aimed...
Diamond processor and trader HB Antwerp said on Monday it had removed one of its three co-founders from management following differences over strategy, a development that comes amid a pending sales...
Sanctions-hit Alrosa, the world's biggest diamond producing company, said on Sunday it has mined the largest gem-quality diamond in Russia in the past decade. The 390.7-carat diamond was mined at...
Diamond miner De Beers Group says its intention is to secure an agreement on a five-year wage deal with trade union the National Union of Mineworkers (NUM). The entities have been in negotiations...
Global metals and mining industry body ICMM has published a 'Scope 3 Emissions Accounting and Reporting Guidance', which provides a standardised framework for mining and metals companies to...
Diamond mining company De Beers has announced the successful sale of the Buffels Marine mining right (BMMR) and associated assets to Kleinzee Holdings, which is a consortium led by partners Melki...
Russia's Alrosa, the world's biggest diamond producing company, has started construction of a giant new mine to replace one closed by flooding that killed eight people in 2017, regional authorities...
One of the world’s most popular types of rough diamonds has plunged into a pricing free fall, as a growing number of Americans choose engagement rings made from lab-grown stones instead. Diamond...
London-listed Gem Diamonds has posted a loss a share of $0.07 and lower underlying earnings before interest, taxes, depreciation and amortisation of $8.4-million for the six months ended June 30,...
India has asked the United States to release $26-million belonging to at least two Indian diamond firms frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa, three...
Diamond miner De Beers' seventh sales cycle of this year generated $370-million – much lower than the $638-million recorded for the seventh sales cycle of 2022. Sales were also lower than the...
The diamond industry has faced multiple challenges leading to a notable shift in its landscape over the last few years, says personal liability company BDO South Africa. Natural resources partner...
Diamond miner Lucapa Diamond’s rough diamond revenue for the half year ended June 30 was $46.8-million on a 100% basis at an average price of $1 633 /ct. Lucapa recovers large and high-quality...
London-listed Petra Diamonds sold 696 194 ct of diamonds, recovered from its South African operations, for $79.3-million in the first tender of the company’s 2024 financial year. No exceptional...
As electric vehicles (EVs) gain traction, the strain on electricity supply, especially national power grids, will be more, with an increase in the carbon dioxide (CO2) emissions associated with...
Vancouver-headquartered Lucara Diamond has secured a short-term extension of the maturity of its $50-million senior secured working capital facility (WCF). The company says it will defer the...
London-listed Gem Diamonds, which owns and operates the Letšeng mine, in Lesotho, says it will maintain its full-year guidance on carat recoveries and sales, despite lowering its guidance for...
Canada-headquartered Lucara Diamond Corp has recovered a 692.3 ct white gem-quality diamond at its Karowe mine, in Botswana. The diamond is the fourth diamond weighing more than 300 ct to be...
While diamond mining operations in Canada’s Northwest Territories are unaffected by the wildfires scorching the region, De Beers and Burgundy Diamond Mines say they are assisting their employees...
Mining major Rio Tinto has donated C$250 000 to the United Way Northwest Territories (UWNWT) to support with wildfire response efforts in Canada’s Northwest Territories. Canada is facing one of...
Diamond miner Burgundy Diamond Mines on Friday said that its Ekati diamond mine, in Canada’s Northwest Territories, remained unaffected by wildfires. Canada is facing one of its worst-ever fire...
Canadian-headquartered Lucara Diamond Corporation has announced plans to reappoint William Lamb president and CEO of the company, as well as director, succeeding Eira Thomas. Lamb brings to the...
Julian Ogilvie Thompson, former chairperson of De Beers and Anglo American, has died at age 89 in Johannesburg. This followed a period of declining health, according to a family death announcement...
Russian diamond producer Alrosa on Monday reported a first-half net profit of 55.6-billion roubles ($551-million), down 35% from 85.3-billion a year earlier. The company said its revenue in the...
Mining major Rio Tinto has announced plans to build Canada’s largest solar plant at its Diavik diamond mine. The solar plant will feature over 6 600 solar panels that will generate approximately 4...
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