R/€ = 17.24 Change: 0.02
R/$ = 14.81 Change: 0.01
Au 1793.55 $/oz Change: -0.57
Pt 1043.50 $/oz Change: -19.00

Diamonds News

Online format expands global presence of Joburg Indaba

By: Cameron Mackay     25th September 2020 Owing to the impact of Covid-19 and the subsequent physical distancing regulations, yearly mining conference the Joburg Indaba will be hosted as an online discussion on October 7 and 8. Event organisers Resources 4 Africa CEO Paula Munsie states that this will enable industry players, who were... 

New Argyle diamonds up for tender

By: Esmarie Iannucci     24th September 2020 Mining major Rio Tinto has unveiled a historic collection of 62 diamonds, including six ‘hero’ diamonds for its 2020 Argyle pink diamonds tender. Rio said this week that the six ‘hero’ diamonds were selected for their unique beauty and named to ensure there is a permanent record of their... 

World Jewellery Confederation welcomes new ISO diamond grading standard

By: Marleny Arnoldi     23rd September 2020 The World Jewellery Confederation (Cibjo) has welcomed the new publication by nongovernmental body International Standards Organisation (ISO) of the internationally recognised diamond grading standard and says it is a historic moment for the global diamond industry. The confederation explains... 

World Jewellery Confederation welcomes new ISO diamond grading standard

De Beers cuts prices for smaller diamonds

By: Bloomberg     22nd September 2020 De Beers has cut prices for smaller diamonds in its latest move to draw customers back to the market after the coronavirus froze up trading in precious stones. The company had already discounted bigger and more expensive stones last month for the first time since the pandemic struck. It’s now... 

Vast director Mabhudhu head-hunted by Zimbabwe State-owned diamond company

By: Donna Slater     22nd September 2020 Aim-listed gold, diamonds and polymetals miner Vast Resources reports that its executive director Mark Mabhudhu has received and accepted an offer to join the government-owned Zimbabwe Consolidated Diamond Company (ZCDC) as CEO, starting immediately. Mabhudhu’s acceptance of the offer followed a... 

Lulo diamonds sell for A$3.2m

By: Esmarie Iannucci     17th September 2020 Diamond miner Lucapa has generated A$3.2-million in revenue from the sale of diamonds from its Lulo alluvial mine, in Angola. The ASX-listed company on Thursday told shareholders that 3 477 ct of Lulo diamonds had been sold at an average price of A$911 per carat.  

Petra recovers five blue diamonds at Cullinan mine

By: Simone Liedtke     16th September 2020 London-listed Petra Diamonds has recovered five Type IIb blue diamonds of high quality, in terms of both their colour and clarity, at its Cullinan mine, in South Africa. The diamonds are also significant in terms of their size, weighing 25.75 ct, 21.25 ct, 17.57 ct, 11.42 ct and 9.61 ct, and are... 

The five recovered Type IIb blue diamonds.
The five recovered Type IIb blue diamonds.

Botswana Diamonds plans more drilling after anomaly shows up to 4 m kimberlite

By: Marleny Arnoldi     15th September 2020 Botswana- and London-listed Botswana Diamonds (BOD) has reported positive preliminary results from drilling undertaken at its Marsfontein project, in Botswana. The objective of the company’s latest drilling campaign was to test a historical anomaly identified as M17 to see if it had potential... 

Renard diamond mine to restart operations

By: Mariaan Webb     15th September 2020 The Renard mine, in the James Bay territory of Quebec, will be put back into production this month, mining royalty and streaming company Osisko Gold Royalties announced on Monday. Operations were suspended on March 24, following an order by the Quebec government public health authorities as a... 

Renard diamond mine to restart operations

Belgium and Israel auctions net Alrosa $20.7m

By: Creamer Media Reporter      14th September 2020 Diamond miner Alrosa has held two successful auctions of larger diamonds, which deputy CEO Evgeny Agureev said on Monday confirmed the demand for high-quality rough diamonds. At the Israel auction, total proceeds of $13.3-million “significantly exceeded” the reserve price, Agureev said, reporting... 

Diamond sales improve in line with eased Covid-19 restrictions globally – De Beers 

By: Donna Slater     11th September 2020 The value of diamond miner De Beers' rough diamond sales, which include global sightholder sales and auctions, for the sixth and seventh sales cycles of this year, amounted to $116-million and $320-million, respectively. CEO Bruce Cleaver says diamond markets showed some continued improvement... 

De Beers Group CEO Bruce Cleaver
De Beers Group CEO Bruce Cleaver

BHP links bonuses to climate plan, sets medium-term targets

By: Mariaan Webb     10th September 2020 Diversified major BHP has set medium-term targets for reducing greenhouse emissions, announcing on Thursday that it would reduce emissions by at least 30% from adjusted 2020 levels by the end of this decade. The group has already established its long-term goal of achieving net zero operational... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Filing of Diamcor's results delayed owing to South African lockdown restrictions

By: Donna Slater     10th September 2020 TSX-V-listed diamond miner Diamcor Mining, with operations in South Africa, reports that owing to ongoing delays in South Africa it will be unable to file its audited financial statements and corresponding management’s discussion and analysis for the financial year ended March 31. The company’s... 

BlueRock recovers another high-value diamond at Kareevlei

By: Simone Liedtke     10th September 2020 Aim-listed diamond miner BlueRock Diamonds has recovered a 9.7 ct diamond with an initial independent valuation estimate of $75 000. This marks the second high-value stone recovered at Kareevlei diamond mine, in Kimberley – BlueRock’s flagship operation − this quarter. 

Petra starts investigation into alleged human rights issues at Williamson

By: Marleny Arnoldi     9th September 2020 UK-based law firm Leigh Day has filed claims in the High Court of England and Wales against London-listed Petra Diamonds and Williamson Diamonds, on behalf of 32 anonymous individuals over alleged human rights breaches at the Williamson mine, in Tanzania. Williamson Diamonds is the operator of... 

Petra starts investigation into alleged human rights issues at Williamson

Rio Tinto offers virtual preview of some of Argyle's last offerings

By: Mariaan Webb     8th September 2020 Diversified miner Rio Tinto has provided a virtual preview to an exclusive group of collectors, diamond connoisseurs and luxury jewellery houses of rare Argyle pink, red, violet and blue diamonds in one of the very last offerings of the iconic diamond mine. The 2020 Argyle pink diamonds tender,... 

Rio Tinto offers virtual preview of some of Argyle's last offerings

Botswana Diamonds to raise £300 000

By: Tasneem Bulbulia     7th September 2020 Aim-listed Botswana Diamonds has arranged a placing with existing and new investors to raise £300 000 through the issue of 50-million new ordinary shares. The funds raised will be used to fund ongoing exploration activities in Botswana and South Africa this year, as well as for additional working... 

Orange, De Beers Marine South Africa develop IoT geofence for offshore mining crew safety

By: Schalk Burger     4th September 2020 Digital services multinational Orange Business Services and diamond miner De Beers' subsidiary De Beers Marine South Africa have jointly installed and tested a customised Internet of Things (IoT) solution to provide geofencing to maintain safe working distances for crew around the heavy machinery... 

Gem Diamonds recovers more large diamonds in H1

By: Marleny Arnoldi     3rd September 2020 LSE-listed Gem Diamonds’ Letšeng mine, in Lesotho, delivered satisfactory operational results in the six months ended June 30, notwithstanding a 30-day shutdown imposed in the country. In fact, the frequency of large diamonds recovered improved in all size categories greater than 10.8 ct... 

BlueRock achieves higher-than-expected grades in August

By: Marleny Arnoldi     3rd September 2020 Aim-listed BlueRock Diamonds says its processed ore numbers and average grade achieved have improved during August. The company, which owns and operates the Kareevlei diamond mine, in South Africa’s Northern Cape province, processed 41 000 t of ore from the main pit at Kareevlei during the month,... 

BlueRock sells 3 805 ct of diamonds

By: Simone Liedtke     2nd September 2020 Aim-listed diamond miner BlueRock Diamonds has sold 3 805 ct of diamonds at an average price of $330/ct for an aggregate consideration of $1.2-million. BlueRock’s flagship project is the Kareevlei diamond mine, in South Africa. 

Gem recovers high-quality 233 ct diamond at Letšeng

By: Tasneem Bulbulia     1st September 2020 LSE-listed Gem Diamonds has recovered a high-quality 233 ct Type II white diamond from its 70%-owned Letšeng mine, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. This follows the recent recovery of a high-quality 442 ct Type II diamond, one of the world's largest... 

233 ct Type II white diamond
233 ct Type II white diamond

BlueRock values 12ct diamond at $104 000

By: Tasneem Bulbulia     1st September 2020 Aim-listed BlueRock Diamonds says a 12.12 ct diamond recovered at its Kareevlei mine, near Kimberley, in South Africa, in July has been valued at $104 000. "This is our fifth diamond recovered with a value of above $100 000.  

Federation appoints diamond sales expert to lead Get Diamonds trading platform

By: Marleny Arnoldi     31st August 2020 The World Federation of Diamond Bourses (WFDB) has appointed Kim Pelletier CEO of its newly formed Get Diamonds business-to-business trading platform. The federation says Get Diamonds is the only nonprofit diamond trading platform with a focus on “by the industry, for the industry”.  

Cheaper diamonds fire life into the hidden world of gem trading

By: Bloomberg     31st August 2020 For the past six months, the global diamond hubs in Antwerp, Belgium, and Mumbai have been at a standstill, with cutting and polishing factories closed and trading floors shuttered. Now, a capitulation on prices by the biggest miners is sparking the industry back to life. After refusing to budge... 

Diamcor delays annual, quarterly results releases

By: Marleny Arnoldi     28th August 2020 TSX-V-listed Diamcor Mining has announced that it will publish its financial results for the year ended March 31 on September 14, in accordance with an extension granted by the relevant authorities. The company, which owns the Krone-Endora at Venetia diamond project, in South Africa, initially... 

Russian diamond giant follows De Beers with price cuts

By: Bloomberg     27th August 2020 Russian diamond miner Alrosa joined rival De Beers in cutting prices for its gems, but with a twist -- the company changed its billing system so buyers can’t tell which stones are discounted, or by how much. The two biggest producers for months refused to cut prices even as sales collapsed... 

Master Drilling aligning with opencast mines going underground in changing world  

By: Martin Creamer     26th August 2020 South Africa-based drilling company Master Drilling, which is active in 23 countries, is aligning itself with the transitioning global requirement of opencast mines going underground. “As the world is changing, so are the mines,” said Master Drilling technology director Koos Jordaan at the... 

Curves on the hard rock 9 ° inclination of the declining cutting face at Eland mine.
Master Drilling technology director Koos Jordaan’s presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Zimbabwe diamond miner expects demand bounce after virus turmoil

By: Bloomberg     26th August 2020 Zimbabwe’s second-largest diamond miner sees demand picking up, after the coronavirus pandemic forced RioZim to halt sales in March amid slumping gem prices. With jewelry stores closed, cutters and polishers stuck at home and global travel at a standstill, the diamond industry ground to a halt... 

Botswana govt says no guarantee on De Beers sales deal by end-2020

By: Reuters     26th August 2020 The Botswana government said there was no guarantee that it would be able to renew a new 10-year sales agreement with De Beers before the end of December, when the current one expires, as the coronavirus pandemic has delayed negotiations. "The ideal situation would be to end the talks by December... 

Alrosa sells more than 1 700 ct of diamonds in digital auction

By: Simone Liedtke     25th August 2020 Russian diamond miner Alrosa has sold 132 lots, weighing more than 1 700 ct during its digital auction in August. As part of the auction, clients were able to view and evaluate 2 300 ct of rough diamonds across 172 lots. 

De Beers cuts diamond prices after Covid-19 curbs demand

By: Bloomberg     25th August 2020 De Beers has finally decided to cut the price of its diamonds in a bid to spark sales after the coronavirus pandemic paralyzed the industry. De Beers, the world’s biggest producer, told customers that it is cutting prices for larger stones by almost 10% at its sale starting this week, according... 

De Beers cuts diamond prices after Covid-19 curbs demand

Gem recovers 442 ct diamond in Lesotho

By: Simone Liedtke     21st August 2020 London-listed Gem Diamonds has recovered a high-quality 442 ct Type II diamond from its Letšeng mine, in Lesotho. CEO Clifford Elphick says the recovery of the 442 ct diamond “is further confirmation of the calibre of the Letšeng mine and its ability to consistently produce large, high-quality... 

Gem recovers 442 ct diamond in Lesotho

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge 

By: Martin Creamer     20th August 2020 The Electra Mining Africa Connect week will enable exhibitors to promote their products and services free of charge alongside industry-related informative webinars, media activations and product showcase opportunities from September 7 to 11. For the first time in 48 years, Electra Mining Africa... 

Specialised Exhibitions MD Gary Corin.
Specialised Exhibitions MD Gary Corin outlines Electra Mining Africa 2020 Connect plans to Martin Creamer. Video: Darlene Creamer.

Alrosa to start mining upper levels of Inter mine

By: Creamer Media Reporter      19th August 2020 Diamond miner Alrosa has received regulatory approval to open up and develop reserves at the upper horizons of the International underground mine, near Mirny, the Russian company said on Wednesday. The ore from the upper horizons would be received as early as in the fourth quarter, with capacity... 

Alrosa to start mining upper levels of Inter mine

Plaintiffs in Sierra Leone diamond mine lawsuit request freeze of Steinmetz subsidiary's assets

By: Reuters     19th August 2020 Sierra Leoneans seeking damages for alleged environmental degradation around a diamond mine have applied for a freezing order on the assets of Octea, a subsidiary of Israeli billionaire Beny Steinmetz's BSG Resources (BSGR). In an affidavit to the high court of Sierra Leone, seen by Reuters, the... 

Tiffany will soon reveal everywhere your diamond has traveled

By: Bloomberg     19th August 2020 Tiffany & Co wants to ease customers’ concerns about human rights abuses in the diamond industry by providing them with an unprecedented amount of detail about the precious stones it sells. Beginning in October, the 183-year-old luxury retailer will provide expanded origin details for newly... 

Mining production to end year higher than in the first half

By: Donna Slater     18th August 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says mining production and investment across most minerals, except for thermal coal, are likely to finish the year stronger than in the first half of the year as a result... 

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