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R/€ = 19.19 Change: -0.09
R/$ = 17.44 Change: -0.04
Au 1700.76 $/oz Change: -28.94
Pt 829.08 $/oz Change: -8.62
 

Diamonds News

BlueRock posts maiden profit

By: Simone Liedtke     21st January 2020 Aim-listed BlueRock Diamonds turned a profit for the first time during the second half of the 2019 financial year, the success of which was based the diamond producer having sold 12 675 ct of diamonds for the year, marking an increase of 118% over the year before. While grades and prices per cart... 

GemFair can positively transform ASM sector, says De Beers

By: Simone Liedtke     21st January 2020 The artisanal and small-scale mining (ASM) sector is in need of formalisation in order to establish itself as a legitimate source of diamond supply; however, faced with complex mining ecosystems and operating conditions that are vastly different from the large-scale diamond mining sector, De... 

Next decade set to be a serious transition period for mining – report 

By: Simone Liedtke     21st January 2020 The global mining and metals sector is facing one of its most challenging transitions yet as the industry is considering how it can best position itself to regain and maintain stakeholder confidence on environmental, social and governance (ESG) matters, global law firm White & Case states in its... 

Next decade set to be a serious transition period for mining – report

Alrosa starts deep-level drilling at mine that flooded in 2017

By: Mariaan Webb     21st January 2020 Russian diamond major Alrosa has announced that it has started test drilling at the Mir kimberlite pipe, which was partly flooded in 2017, leading to the death of eight workers. The test drilling forms part of its strategic investment plan to study the feasibility of resuming production at the... 

Alrosa starts deep-level drilling at mine that flooded in 2017

Sierra Leone President confirmed to attend 2020 Mining Indaba

By: Simone Liedtke     20th January 2020 Sierra Leone President Julius Maada Wonie Bio will attend the 2020 iteration of the Investing in African Mining Indaba, which takes place in Cape Town from February 3 to 6. Bio was elected as the fifth President of Sierra Leone in May 2018 and is popularly referred to as the “Father of Democracy”... 

The elite De Beers diamond buyers club may get even smaller

By: Bloomberg     17th January 2020 De Beers is considering key changes to the way it sells diamonds as frustration mounts among its customers – a supposedly elite group that are now struggling to turn a profit. De Beers has signaled to its handpicked buyers that it may significantly reduce their number, possibly by the most since... 

The elite De Beers diamond buyers club may get even smaller

Lucara finds partners to cut, polish diamonds from 1 758 ct Sewelô

By: Simone Liedtke     16th January 2020 Diamond miner Lucara Diamond has entered into a collaboration with famous luxury house Louis Vuitton and diamond manufacturer HB Company to manufacture its historic 1 758 ct Sewelô diamond that was recovered from Lucara’s Karowe diamond mine, in Botswana, in April last year. The purpose of the... 

Dubai commodity authority inaugurates second high-security, luxury vault

By: Simone Liedtke     15th January 2020 The Dubai Multi Commodities Centre (DMCC) has inaugurated state-of-the-art luxury vault and safe deposit facility, the 818 Vault, in the Jumeirah Lakes Towers (JLT), in Dubai. Officially opened on Wednesday, the high-security vault adds to DMCC’s trade and business ecosystem that provides... 

Dubai commodity authority inaugurates second high-security, luxury vault

Lucapa's polishing strategy delivers results  

By: Esmarie Iannucci     14th January 2020 Diamond miner Lucapa’s polishing strategy has achieved its first diamonds from a cutting and polishing partnership. The ASX-listed company on Tuesday reported that a 36 ct rough diamond recovered from the Mothae mine, in Lesotho, was manufactured into six polished D-colour diamonds under a... 

Forevermark unveils first boutique in China

By: Simone Liedtke     10th January 2020 De Beers Group’s diamond brand, Forevermark, unveiled the first boutique in its Next Generation Retail Concept, located within jewellery department store Caibai, in Beijing, China. The newly renovated 100 m2 boutique breaks away from the traditional across-the-counter service, inviting consumers... 

Carnegie Institution seeks cut of rising lab-grown diamond sales

By: Bloomberg     10th January 2020 The Carnegie Institution of Washington, which has been doing scientific research for more than a century, filed lawsuits in New York alleging its patents for growing diamonds in a lab are being infringed by some top makers of such gem stones. The institute filed three complaints Thursday in... 

Angola's Lulo delivers 117 ct diamond

By: Esmarie Iannucci     9th January 2020 Diamond miner Lucapa Diamond Company has recovered a 117 ct diamond from its Lulo alluvial mine, in Angola. The ASX-listed company on Thursday said that the gem-quality diamond was the 14th stone of more than 100 ct to be recovered at Lulo to date, and the first for 2020.  

WFDB pays tribute to former executive committee member Oulin

By: Simone Liedtke     8th January 2020 The World Federation of Diamond Bourses (WFDB) is mourning the passing of Sergey Oulin, who died on December 31, at the age of 69. WFDB president Ernie Blom has, on behalf of the organisation, expressed sadness at the loss of Oulin, who was the president of the Diamond Chamber of Russia and a... 

Stellar quarter pushes Lucapa to record year

By: Esmarie Iannucci     6th January 2020 Diamond miner Lucapa Diamond Company has reported record production for the three months to December, with 14 007 ct recovered during the quarter. The Mothae operation, in Lesotho, produced 9 837 ct during the quarter, while the Lulo mine, in Angola, produced a further 4 170 ct. 

Ellendale re-opening a step closer

By: Esmarie Iannucci     19th December 2019 Junior Gibb River Diamonds has stepped up to the plate at the now defunct Ellendale diamond mine, in Western Australia, with the company accepting Mines and Petroleum Minister Bill Johnston’s offer to apply for new tenements at the project area. The Minister has also invited India Bore Diamond... 

Anglo firms up technology advance with space boffins 

By: Martin Creamer     19th December 2019 Diversified mining company Anglo American has announced a $13.5-million agreement with First Mode to develop innovative technology for the mining industry. First Mode, of Seattle, which has been working with Anglo to develop the world’s biggest hydrogen fuel cell haul truck for Anglo American... 

Anglo firms up technology advance with space boffins
Photo by First Mode
Hydrogen and fuel cell haulage

Lucara beats sales guidance on stronger prices 

By: Mariaan Webb     19th December 2019 Canadian company Lucara Diamond Corp, which operates the Karowe mine, in Botswana, has had stronger-than-expected finish to the year, with the final tender "reflecting a more stabilised market environment". Lucara generated sales proceeds of $52.9-million in the final tender held on December 12,... 

Lucara beats sales guidance on stronger prices
Lucara CEO Eira Thomas

Three companies launch WeChat programme for blockchain-enabled diamonds

By: Simone Liedtke     18th December 2019 Diamond miner Alrosa, Chinese multinational Tencent and independent technology company Everledger have launched a new WeChat Mini Program e-commerce solution to Chinese retailers. This demonstrates the power of blockchain technology to seamless enable the purchase with full transparency of their... 

Vast, Atlas Capital Markets continues making progress with funding

By: Simone Liedtke     18th December 2019 Aim-listed miner Vast Resources on Wednesday confirmed that progress continues to be made towards drawdown of tranche one of the binding documentation with Atlas Capital Markets. Both parties are said to be working together with the intent to effect the drawdown before December 31, 2019. 

Further signs of steady demand boost De Beers' tenth sales cycle

By: Simone Liedtke     18th December 2019 Anglo American has announced that the value of rough diamond sales for De Beers’ tenth cycle of 2019 amounted to $425-million. This is an improvement of $25-million on the ninth sales cycle, which saw De Beers rake in $400-million. 

Metso delivers high-performance equipment to De Beers’ Venetia diamond mine

By: Simone Liedtke     17th December 2019 Global industrial company Metso is set to deliver high-performance crushing and material handling equipment to global diamond miner De Beers Group’s Venetia mine, in Limpopo. The Venetia mine is reported to produce an output of about four-million carats, making it one of South Africa’s mineral... 

Petra names new chairperson to succeed Pouroulis

By: Creamer Media Reporter      17th December 2019 London-listed Petra Diamonds on Tuesday announced the appointment of mining engineer Peter Hill as nonexecutive director and chairperson to succeed founder and chairperson Adonis Pouroulis on March 31. Hill, currently chairperson of the world’s largest geotechnical contractor Keller Group and of... 

Lucapa reports more diamond sale revenue

By: Esmarie Iannucci     16th December 2019 Diamond miner Lucapa has generated a further A$9.3-million in revenues following its latest diamond tender. The Africa-focused miner on Monday said that 3 274 ct of diamonds from its Lulo mine, in Angola, was sold for gross proceeds of A$5-million, representing an average price per carat of A$1... 

Russia seeks to lift ban on ‘blood diamonds’ from African ally

By: Bloomberg     16th December 2019 Russia is proposing to move toward ending the ban on selling so-called blood diamonds from the Central African Republic, a former French colony that’s struck recent military and commercial ties with Moscow, amid resistance from the US and Europe. The CAR, which is mired in civil conflict, should... 

Russia seeks to lift ban on ‘blood diamonds’ from African ally

Mining output falls by 2.9% in October 

By: Marleny Arnoldi     12th December 2019 South Africa’s mining output declined by 2.9% in October, following a 0.6% year-on-year decrease in September. Nedbank says this was the third consecutive month of yearly contraction for the sector. 

Switzerland investigates metal trader over Congo-war allegations

By: Bloomberg     12th December 2019 Swiss prosecutors are investigating a trader of one of the world’s most sought-after-minerals over allegations he illegally dealt in metals during the Democratic Republic of Congo’s civil war. It’s the first time the Swiss authorities have confirmed the probe that began in March 2018. 

Petra Diamonds says mines operating at normal electricity load levels 

By: Reuters     12th December 2019 London-listed Petra Diamonds said on Thursday that its electricity use restrictions have been lifted by South Africa's State utility Eskom and its mines are operating at normal load levels. The company restarted its Cullinan, Finsch and Koffiefontein mines in South Africa on Tuesday, but added... 

South African mining revival threatened as power cuts take toll 

By: Bloomberg     12th December 2019 When South Africa’s State-owned utility announced record power cuts on Monday afternoon, Impala Platinum Holdings had two hours to hoist thousands of workers from 1 km deep shafts. The deepening crisis at debt-ridden Eskom Holdings shut down South Africa’s key mining industry for 24 hours,... 

South African mining revival threatened as power cuts take toll

First diamonds from Angola's new pipe to arrive mid-2020 - Alrosa

By: Reuters     11th December 2019 Angola's major new Luaxe diamond deposit may start trial mining in mid-2020 and could produce one-million carats of diamonds worth $90-million in 2020, Russian diamond producer Alrosa said. Angola's state-controlled diamond miner Catoca and Alrosa found Luaxe's Luele pipe in 2013. Catoca has... 

De Beers’ Forevermark launches in Belgium

By: Marleny Arnoldi     11th December 2019 Diamond miner De Beers has launched its Forevermark jewellery brand in Belgium, through a partnership with jeweller Gautam Diamonds. Forevermark jewellery is now available in Gautam stores in the historic Grand Place/Grote Markt and Galerie de la Reine/Koninginnegalerij, as well as in three... 

De Beers’ Forevermark launches in Belgium

Mining companies resuming operations after Stage 6 load-shedding impact 

By: Marleny Arnoldi     11th December 2019 JSE-listed Harmony Gold has resumed shifts at its nine South African underground gold mines from Tuesday afternoon, after power utility Eskom had returned to lower stages of load-shedding. London-listed Petra Diamonds also resumed its South African mining operations on Tuesday, albeit at a 20%... 

Mining companies resuming operations after Stage 6 load-shedding impact

Diamond crisis to last another year

By: Bloomberg     11th December 2019 The glut that’s depressing the diamond market will last another year, according to industry consultant Bain & Co. The inventory backlog will probably be cleared in the beginning of 2020, but it will take some time for the market to fully recover, Bain said in a report released on Wednesday. Bank... 

Diamond crisis to last another year

DMRE’s promise of urgent action on power supply fails to include timelines

By: Terence Creamer     10th December 2019 The Department of Mineral Resources and Energy (DMRE) announced on Tuesday that the much-anticipated request for information (RFI) for emergency supply- and demand-side solutions to close the gap left by Eskom’s underperforming coal-fired power stations, both old and new, would be published soon.... 

DMRE’s promise of urgent action on power supply fails to include timelines
Photo by Creamer Media's Dylan Slater
Mineral Resources and Energy Minister Gwede Mantashe

Load-shedding forces South African miners to halt work

By: Bloomberg     10th December 2019 South Africa’s biggest platinum and gold mining companies are scaling back some operations as record power cuts, now in their sixth day, start to cripple key parts of the economy. Eskom Holdings on Monday moved to Stage 6 load-shedding from 18:00 local time, meaning it cut 6 000 MW from the... 

Load-shedding forces South African miners to halt work

Petra Diamonds halts South Africa mines after Eskom ups power cuts

By: Reuters     9th December 2019 Petra Diamonds said on Monday it was in the process halting operations at its Cullinan, Finsch and Koffiefontein mines in South Africa after State utility Eskom asked the miner to reduce its electricity load. Production, hoisting and processing have stopped with immediate effect and Petra... 

Petra Diamonds halts South Africa mines after Eskom ups power cuts
The Cullinan mine.

EHR buys Canadian diamond explorer

By: Esmarie Iannucci     6th December 2019 Multi commodity explorer EHR Resources has reached an agreement to acquire Canadian diamond company Nanuk Diamonds Inc, as part of its strategy to diversify into diamonds in North America. Nanuk holds 625 mineral claims in Northern Quebec covering 274 km2 and containing several occurrences of... 

Gem Diamonds optimistic about prices, tech developments

By: Marleny Arnoldi     4th December 2019 LSE-listed Gem Diamonds CEO Clifford Elphick looks forward to 2020 and is expecting to higher diamond demand and prices. In a video interview distributed by the diamond miner on Wednesday, Elphick said 2019 had been a tough year for the diamond mining industry globally, as evidenced by major... 

Gem Diamonds optimistic about prices, tech developments
Gem CEO Clifford Elphick

Minerals Council members largely compliant with 2010 Charter requirements 

By: Simone Liedtke     4th December 2019 The Minerals Council South Africa on Wednesday published a report on the South African mining industry’s progress in transforming the industry in terms of the Mining Charter. The report was based on a survey by advisory firm Moshe Capital into the council members' transformation and community... 

Minerals Council members largely compliant with 2010 Charter requirements
Photo by Creamer Media
Minerals Council CEO Roger Baxter and public affairs and transformation senior executive Tebello Chabana
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