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Diamonds

Russia: World market can't make up for sanctions on supply of Russian diamonds
Russia: World market can't make up for sanctions on supply of Russian diamonds
14th November 2023 By: Reuters

Deputy Finance Minister Alexei Moiseev said on Tuesday the world diamond market had no way of making up for the loss of Russian diamonds owing to Western sanctions. "An artificial restriction of... 


De Beers CEO Al Cook
De Beers will stockpile unsold diamonds after prices tumble
13th November 2023 By: Bloomberg

De Beers plans to stockpile unsold diamonds after the world’s biggest producer responded to plunging prices by allowing its buyers to refuse to purchase all the stones they’re contracted to buy.... 


Petra appoints interim chair
13th November 2023 By: Creamer Media Reporter

Diamond miner Petra Diamonds has named senior independent director Varda Shine as interim chairperson. She will succeed Peter Hill, who has informed the company that he will not offer himself for... 


UAE to address geopolitical gridlocks in year of chairing KP
13th November 2023 By: Marleny Arnoldi

In its second undertaking as the chair of the Kimberley Process (KP), the United Arab Emirates (UAE) has vowed to advance a number of crucial initiatives through to fruition. The KP is a United... 


The Karowe underground mine
Lucara lowers full-year cost guidance, but also warns of lower revenue, production
13th November 2023 By: Marleny Arnoldi

Dual-listed Lucara Diamond Corporation achieved an operating cash cost of $28.62/t of ore processed for the quarter ended September 30, which is well below the expected yearly range of between... 


A cut and polished diamond
The diamond world takes radical steps to stop a pricing plunge
13th November 2023 By: Bloomberg

When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they were presented with a rare offer by their host: the option to buy nothing at all. De... 


WDC focused on furthering Kimberley Process
10th November 2023 By: Tasneem Bulbulia

Industry organisation the World Diamond Council (WDC) is “determined” to drive forward the ambition of the Kimberly Process (KP), which aims to foster peace, security and benefit all diamond... 


AN image depicting Dr Tshepo Sedibe
Partnership to catalyse health and safety
10th November 2023 By: Sabrina Jardim

In recognition of the importance of health and safety, diamond miner De Beers Group and investment holding company AfroCentric collaborated with the South African Business Coalition on Health and... 


A manganese mining operation in South Africa
South Africa's mining production down 1.9% y/y, mineral sales down 20.2% y/y in Sept
9th November 2023 By: Creamer Media Reporter

South Africa's mining production decreased by 1.9% year-on-year in September, with diamonds, 'other' metallic minerals and manganese ore having made the largest negative contributions. Diamond... 


A 235 ct diamond recovered at the Lulo mine
Lulo delivers its second-largest diamond
8th November 2023 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have recovered a 235 ct diamond at their Lulo mine, in Angola. Not only is it the second-largest diamond to be... 


Rough diamonds produced by De Beers
De Beers' rough diamond sales plummet to $80m in ninth cycle of this year
8th November 2023 By: Creamer Media Reporter

The value of rough diamonds sold by De Beers during its ninth sales cycle for this year reached only $80-million, compared with the $200-million sold in the eighth sales cycle. Sales were also... 


Diamonds being sorted
Botswana conducts due diligence on HB Antwerp stake, President says
7th November 2023 By: Reuters

Botswana is conducting due diligence on HB Antwerp, as the world's top diamond producing country by value seeks to finalise a deal to acquire a 24% shareholding in the Belgian gem trader, President... 


Home Affairs Minister Aaron Motsoaledi
South Africa risks losing business investment over visa ‘chaos’
6th November 2023 By: Bloomberg

In one of the world’s most unequal nations an acute shortage of skilled workers is restraining already tepid growth, limiting job creation and pushing some foreign investors to think about moving... 


In diamond centre Antwerp, Russian gems are already shunned
3rd November 2023 By: Reuters

Only a few weeks after Russia invaded Ukraine in February 2022, Antwerp-based diamond dealer Thierry Tugendhaft started receiving calls from big jewellers in Paris asking him to stop supplying them... 


NUM logo
De Beers, NUM sign five-year wage deal
3rd November 2023 By: Darren Parker

Diamond mining company De Beers has signed a five-year wage agreement with the National Union of Mineworkers (NUM) following months of negotiations facilitated by the Commission for Conciliation,... 


Gibb River reports maiden resource for Ellendale stockpiles
1st November 2023 By: Creamer Media Reporter

Australian junior Gibb River Diamonds has hailed the release of a maiden inferred resource for its E9 Main Lights stockpile as a significant milestone that provides evidence of the potential for... 


The Letšeng mine is renowned for its production of large, top colour, exceptional white diamonds
Gem's third-quarter output rises, but sales fall on market challenges
1st November 2023 By: Creamer Media Reporter

London-listed Gem Diamonds achieved an 18% quarter-on-quarter increase in production for the quarter ended September 30, with 26 913 ct recovered. The company, which owns and operates the Letšeng... 


The Cullinan diamond mine
Petra defers some capital programmes to mitigate against market weakness
1st November 2023 By: Creamer Media Reporter

London-listed Petra Diamonds, which owns and operates the Cullinan, Finsch and Koffiefontein mines, in South Africa, and the Williamson mine, in Tanzania, is taking steps to provide further... 


A 208 ct diamonds recovered at the Lulo mine
Lulo mine delivers its third-largest diamond, weighing 208 ct
1st November 2023 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company has announced the recovery of a 208 ct Type IIa diamond from the Lulo alluvial mining operations, in Angola. The diamond is the third-largest to be recovered from... 


Haul trucks at one of Debswana's mines
Botswana's Debswana rough diamond sales down 21% on weak demand
31st October 2023 By: Reuters

Sales of rough diamonds at Debswana Diamond Company fell 21% in the nine months up to September, Botswana's central bank data on Tuesday showed, as demand for gems slowed amid global economic... 


The Ekati diamond mine
Ekati diamonds remain highly valued, says Burgundy
31st October 2023 By: Mariaan Webb

Despite a softer market for rough diamonds, product from the Ekati mine, in Canada, continue to generate strong buyer interest and high sell-through rates, new owner Burgundy Diamond Mines... 


A diamond mine operated by Alrosa
G7 plan to ban Russian diamonds to further dim industry sparkle
31st October 2023 By: Reuters

The global diamond sector is scrambling to get ahead of an upcoming G7 ban on Russian gems, with consumers and producers battling to manage ever more complex supply chains against a backdrop of... 


Overall winner in the professional category: “Khalifah” neckpiece by Lungile Xhwantini from The Platinum Incubator
PlatAfrica honours best platinum jewellery designs
30th October 2023 By: Darren Parker

The winners of the twenty-fourth yearly PlatAfrica Jewellery Design and Manufacturing Competition were announced during a gala awards ceremony held in Melrose, Johannesburg, on October 27.   Hosted... 


Stornoway suspends operations at Renard diamond mine
Stornoway suspends operations at Renard diamond mine
27th October 2023 By: Creamer Media Reporter

Canadian diamond miner Stornoway on Friday announced the suspension of operations at its Renard mine, in Quebec, and said it had started a process of restructuring. The company explained that the... 


Newfield announces entitlement offer to raise funds for Sierra Leone mine
27th October 2023 By: Darren Parker

ASX-listed Newfield Resources is offering eligible shareholders the opportunity to participate in a pro rata non-renounceable entitlement offer of up to about 117.6-million fully paid ordinary... 


Anglo American reports third-quarter production.
Anglo: copper production up, rough diamond production down
24th October 2023 By: Martin Creamer

The copper production of diversified mining company Anglo American increased by 42% in the third quarter owing to the ramping up of the new Quellaveco copper mine in Peru. However, this was offset... 


The Venetia Underground mine
De Beers' third-quarter output decreases to 7.4m carats
24th October 2023 By: Creamer Media Reporter

Global diamond company De Beers' production decreased to 7.4-million carats for the third quarter ended September 30. That compares with the 9.6-million carats produced in the third quarter of last... 


Petra CEO Richard Duffy
Petra's first-quarter output up 12% y/y
24th October 2023 By: Creamer Media Reporter

Stabilising operations at its Cullinan and Finsch mines, in South Africa, and the resumption of production at the Williamson mine, in Tanzania, led to a 12% quarter-on-quarter increase in Petra... 


Zimbabwe’s biggest diamond miner shifts sales to Dubai auctions
20th October 2023 By: Bloomberg

Zimbabwe’s biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen. Zimbabwe Consolidated Diamond Co. has auctioned... 


The Mothae mine in Lesotho
Lucapa maintains full-year guidance, despite market challenges
20th October 2023 By: Creamer Media Reporter

ASX-listed diamond miner and explorer with assets in Africa and Australia Lucapa Diamond Company has maintained its production guidance for its Lulo and Mothae mines for the full-year. Reporting on... 


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pqt: 0.43s - ct: 0.51s - 328pq - 2rq
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