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Diamonds News
Lucapa records strong 2021 performance
By: Tasneem Bulbulia 27th January 2022 ASX-listed Lucapa Diamond Company recorded a year of operational growth and consolidation in 2021, with record operational and financial performances, MD Stephen Wetherall said in a quarterly activities report for the period ended December 31. “The commissioning of the standalone kimberlite bulk... →
De Beers raises output as demand strengthens
By: Donna Slater 27th January 2022 Diamond miner De Beers increased its rough diamond production by 15% year-on-year to 7.7-million carats for the fourth quarter of 2021, reflecting planned higher production to meet strengthening levels of demand. Production from its Botswana operations increased by 23% to 5.2-million carats for... →
Anglo increases copper guidance for 2022 as Peru mine comes online
By: Marleny Arnoldi 27th January 2022 Global miner Anglo American says its production for the fourth quarter of 2021 was flat compared with output in the fourth quarter of 2020. CEO Mark Cutifani noted on January 27 that operating levels across the group had been at about 95% of normal capacity throughout 2021 as a result of... →
Diamcor delivers 3 103.40 ct for first 2022 tender and sale
By: Tasneem Bulbulia 26th January 2022 Canadian company Diamcor Mining has delivered about 3 103.40 ct of rough diamonds in January for its initial tender and sale of the New Year. These rough diamonds, which were recovered from the processing of quarry material at the company’s Krone-Endora at Venetia project, in South Africa, will... →
BlueRock sells 6.8ct diamond for $63 186
By: Tasneem Bulbulia 25th January 2022 Aim-listed BlueRock Diamonds has sold a 6.8 ct diamond recovered from its Kareevlei mine in South Africa for $63 186 in its January sale. "We recently announced we had two potentially high-value stones to sell in the January tender and, although one fell under our $50 000 disclosure threshold, we... →
There’s a buying frenzy in cheap and tiny diamonds
By: Bloomberg 23rd January 2022 A surge in diamond demand that began in the early Covid lockdowns is showing no sign of easing, and now even the cheapest, smallest stones are getting caught up in a buying frenzy. Low-end diamonds — the sort that you might find in jewellery displayed in a local WalMart — has been a tough... →
RioZim plans to list on dollar-only Zimbabwe exchange
By: Bloomberg 21st January 2022 RioZim is weighing a listing on Zimbabwe’s Victoria Falls Stock Exchange, where trading is denominated in foreign currency, according to people familiar with the matter. The nickel, gold and diamonds producer is “seriously considering all options available to it under the legal framework of the... →
Specialised services winners announced for Angola diamond exchange
By: Darren Parker 20th January 2022 Angola’s national diamond trading company Sodiam has completed the process of evaluating expressions of interest from both Angolan and international companies for the provision of specialised services, including diamond boiling and diamond tenders – services deemed important for the future... →
Large and rare black diamond on auction
By: Marleny Arnoldi 20th January 2022 The government of Dubai on January 18 hosted an exclusive public viewing of an extremely rare black diamond called “The Enigma” at the Dubai Diamond Exchange. The diamond has never before been exhibited. →
November mining production, sales up; Omicron to weigh on December stats
By: Donna Slater 18th January 2022 Mining production increased by 5.2% year-on-year in November, buoyed by a 38.1% rise in the production of platinum group metals (PGMs) – contributing 7.7 percentage points to the overall tally; and a 9.3% rise in iron-ore – contributing 0.8 of a percentage point, overall. Financial services... →
BlueRock reports higher full-year grade, output and carats sold
By: Tasneem Bulbulia 17th January 2022 Aim-listed BlueRock Diamonds achieved higher production, considerable grade increases and a 41% increase in carats sold for 2021, executive chairperson Mike Houston says. The company owns and operates the Kareevlei diamond mine, in the Kimberley region of South Africa. →
De Beers implements big diamond price hike as demand runs hot
By: Bloomberg 17th January 2022 De Beers pushed through one of its most aggressive diamond price increases in recent years as the world’s biggest producer of the stones cashes in on a buying frenzy for uncut gems. De Beers raised prices by about 8% at its first sale of the year, according to people familiar with the situation... →
Astro to spin-out WA diamond project
By: Esmarie Iannucci 14th January 2022 Junior Astro Resources on Friday announced plans to spin-off its Lower Smoke Creek diamond project, in Western Australia. The company told shareholders that the spin-off would be in the form of an initial public offering (IPO) on the ASX, and will comprise Astro’s East Kimberly project, together... →
Alrosa’s sales shoot past 2019 levels
By: Creamer Media Reporter 13th January 2022 Russian diamond producer Alrosa on Thursday announced strong rough and polished diamond sales, which not only shot past the Covid-hit 2020 levels, but also came in substantially higher than sales in pre-pandemic 2019. Alrosa reported total sales of $4.17-billion, including rough diamond sales of... →
Projected kimberlite at Thorny River considerably higher than previous estimates
By: Tasneem Bulbulia 12th January 2022 Aim- and BSE-listed Botswana Diamonds has completed a preliminary kimberlite assessment on its Thorny River diamond prospect in South Africa, with the projected kimberlite volume now considerably higher than previous estimates at about two-million tonnes. “The estimated kimberlite volume in the... →
Minerals Council backs State capture commission’s recommendations 
By: Martin Creamer 6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... →
BlueRock appoints Meiring Burger as Kareevlei CEO
By: Schalk Burger 5th January 2022 Aim-listed diamond producer BlueRock Diamonds has appointed Meiring Burger as CEO of its subsidiary Kareevlei Mining. He will take over from outgoing Kareevlei Mining CEO Gus Simbanegavi, who is also BlueRock COO. →
Diamond market booms in Israel
By: Marleny Arnoldi 4th January 2022 The Israeli diamond industry showed an impressive recovery in 2021 and even surpassed figures for 2019, with net polished diamond exports having reached $3.65-billion. This was a 54% increase compared with 2020 and a 7.5% increase compared with 2019. →
Botswana and De Beers further extend sales agreement
By: Mariaan Webb 17th December 2021 Botswana and De Beers have extended their current sales contract by another year, the diamond miner said on Friday, citing logistical challenges presented by the Covid-19 pandemic. This is the second extension of the agreement for the sale of Debswana’s rough diamond production. The agreement... →
Merlin could be Australia's biggest diamond mine
By: Mariaan Webb 17th December 2021 Australia’s Lucapa Diamonds expects to be elevated to mid-tier diamond producer status in 2024, when its newly acquired Merlin project, in the Northern Territory, starts producing on a commercial basis. Merlin, which Lucapa expects will be the biggest commercial diamond mine in Australia, will... →
Petra executes MoU to sell stake in Williamson Diamonds to Caspian
By: Donna Slater 15th December 2021 LSE-listed diamond miner Petra Diamonds has executed a nonbinding memorandum of understanding (MoU) to sell 50% (less one share) of the entity that holds Petra’s shareholding in Williamson Diamonds Limited (WDL) to Caspian for $15-million. This is in addition to a pro rata portion of shareholder... →
Diamond Fields appoints John McGloin as CEO
By: Creamer Media Reporter 15th December 2021 TSX-V-listed Diamond Fields Resources has appointed John McGloin as a director and CEO, effective January 1. Current CEO Sybrand van der Spuy will assume the role of COO responsible for the logistics, supply chains and security of the Company’s projects throughout Africa. →
Petra Diamond sells 886 236 ct in third tender cycle of its 2022 financial year
By: Simone Liedtke 15th December 2021 London-listed Petra Diamonds sold 885 236 ct of diamonds for $128.3-million during the third tender of the company’s financial year to June 30, 2022. This compares with the 752 920 ct sold for $98.1-million during the third tender of the 2021 financial year. →
De Beers appoints Madondo as Managed Operations MD
By: Creamer Media Reporter 14th December 2021 Diamond miner De Beers Group has appointed Thembinkosi Moses Madondo MD of De Beers Group Managed Operations, effective January 1. This follows the announcement that Nompumelelo ‘Mpumi’ Zikalala will leave the business to take up the position of CEO of Anglo American’s Kumba Iron Ore business. →
Petra Diamonds to grant Tanzania 16% free carried interest in Williamson mine
By: Reuters 13th December 2021 Petra Diamonds will grant the government of Tanzania a 16% free carried interest in its subsidiary Williamson Diamonds Limited, CEO Richard Duffy said at a signing ceremony in Dar Es Salaam on Monday. The move, expected to be included in a framework agreement to be signed on Monday, will bring... →
Petra Diamond CEO Richard Duffy
Lucapa completes Merlin buy
By: Esmarie Iannucci 13th December 2021 Diamond miner Lucapa Diamond Company has completed the A$8.5-million acquisition of the Merlin diamond project, in the Northern Territory. The ASX-listed Lucapa noted that its subsidiary Australian Natural Diamonds had settled the purchase price owing to the liquidators of Merlin Diamonds. →
Anglo American eyes 35% growth within a decade at 50% margin
By: Donna Slater 10th December 2021 Diversified miner Anglo American reports that it maintained a strong performance this year, with high demand for diamonds and overall production up 7% on the back of particularly strong production of platinum group metals (PGMs); as well as the expectation of a further improvement in 2022. Unit... →
Rio Tinto and Star Diamond bury the hatchet
By: Mariaan Webb 10th December 2021 Diversified major Rio Tinto and Canadian junior Star Diamonds on Thursday announced a comprehensive resolution of their disputes, ending a protracted tussle over a joint venture (JV) project east of Prince Albert, Saskatchewan. The companies have agreed to revised JV arrangements that they said... →
Mining production up 2.1% y/y in October, buoyed by PGMs
By: Donna Slater 9th December 2021 Statistics South Africa (Stats SA) reports that mining production increased by 2.1% year-on-year in October, with the largest positive contributor being the platinum group metals (PGMs) sector, which was 24% up, contributing 5.5 percentage points. Chromium ore increased by 28.7%, adding 0.9 of a... →
Leading mining companies commit to contract transparency
By: Martin Creamer 9th December 2021 Members of the International Council on Mining and Metals (ICMM) on Thursday announced their commitment to disclose all mineral development contracts from the start of January this year, wherever they operate, marking a significant step by about a third of the global mining and metals industry to... →
De Beers to explore for diamonds in north-eastern Angola
By: Creamer Media Reporter 7th December 2021 Diamond miner De Beers Group has applied to conduct exploration activities in north-eastern Angola following substantive and consistent reforms implemented by the country's government that enable the country’s diamond endowment to underpin transformative socioeconomic growth for local... →
Mountain Province reports strong demand for its diamonds
By: Creamer Media Reporter 7th December 2021 Canadian diamond miner Mountain Province has achieved sterling results in its December sale, reinforcing its confidence in a robust diamond market heading into 2022, president and CEO Mark Wall reported on Monday. During the most recent December sale, 388 573 ct were sold for total proceeds of... →
Coming months to be ‘very significant’ for Botswana Diamonds, says chairperson
By: Simone Liedtke 6th December 2021 The coming months will be very significant, and a time of “great opportunity”, for diamond miner Botswana Diamonds, as it has a pipeline of projects at various stages of development, says chairperson John Teeling. However, this opportunity had not yet been realised, he said on December 6, noting... →
Exploration debate highlights Nema challenge 
By: Martin Creamer 3rd December 2021 The withdrawal of a portion of the National Environmental Management Act (Nema) has created a major challenge for mineral exploration in South Africa, the Industrial Development Corporation (IDC) co-sponsored exploration webinar heard on Thursday. Taking part in the panel discussion under... →
BlueRock sells three higher-value diamonds for $180 000
By: Creamer Media Reporter 2nd December 2021 Aim-listed BlueRock Diamonds sold three higher-value gem-quality diamonds for $180 000 as part of its November tender. The 6.5 ct, 7.6 ct and 7.6 ct diamonds were recovered at BlueRock's Kareevlei diamond mine, in the Kimberley region of South Africa, and sold for $53 000, $61 000 and $67 000,... →
Latest Sodiam tender yields $19.5m
By: Tasneem Bulbulia 1st December 2021 Angola’s national diamond trading company Sodiam this week sold, at tender, 1 012.9 ct of special diamonds produced at the Catoca and Lulo mines, in Angola, for a net value of $19.5-million. The fourth rough diamond tender in Luanda, whose evaluation sessions took place between November 15 and... →
Lucapa makes bank on Lulo diamonds
By: Esmarie Iannucci 1st December 2021 Diamond miner Lucapa Diamond Company has reported A$17.9-million in revenues from the sale of four large, top quality white diamonds, and two fancy pink diamonds recovered from its Lulo operations, in Angola. The diamonds weighed a total of 336 ct, and were sold through an international tender... →
Botswana's Debswana diamond sales jump 73% in first nine months of 2021
By: Reuters 1st December 2021 Sales of rough diamonds by Debswana Diamond Company jumped 73% in the first nine months of 2021, statistics released by the Bank of Botswana showed on Tuesday, driven by the reopening of US and China's consumer markets. Debswana, a joint venture between Anglo American business De Beers and the... →
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