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Diamonds News
Burgundy buys Canadian diamonds
By: Esmarie Iannucci 8th September 2021 ASX-listed Burgundy Diamond Mines has purchased its first third-party rough diamonds as part of its downstream marketing services. The company in June acquired the capability to cut and polish Fancy Colour diamonds in Perth, allowing for the in-house creation of polished product from its planned... →
Rough diamond production to rise after Covid-19 disruptions cleared
By: Donna Slater 3rd September 2021 Data and analytics company GlobalData expects global rough diamond production to grow by 1.4% this year to reach 112.99-million carats. This follows the estimated 19.4% contraction in output to 111.4-million carats in 2020 as a result of disruptions brought about by the Covid-19 pandemic. →
Congo says Angola tailings pollution kills 12, to seek compensation
By: Reuters 3rd September 2021 The Democratic Republic of Congo will seek compensation from the owners of an Angolan diamond mine after a tailings dam leak polluted drinking water, causing 12 deaths and making thousands of people ill, the country's environment minister said on Thursday. The late-July leak from Angola's biggest... →
Strong dollar pushing up Diamcor’s diamond tendering proceeds
By: Donna Slater 2nd September 2021 TSX-listed diamond miner Diamcor Mining tendered and sold 4 330.24 ct so far in the quarter ending September 30, generating initial gross revenues of $1.02-million and resulting in a combined average price of $236.44/ct. This is after its third tender and sale of rough diamonds recovered from... →
Gem Diamonds receives higher prices, demand for Letšeng diamonds
By: Donna Slater 2nd September 2021 LSE-listed diamond miner Gem Diamonds’ revenue has increased from $69.5-million in the first half of 2020, to $104.5-million for the six months to June 30 this year, resulting in the miner increasing its cash on hand from $24.9-million in the prior comparable period to $33.9-million for the... →
Botswana Diamonds starts drilling at South African project
By: Simone Liedtke 1st September 2021 Aim- and BSE-listed diamond explorer Botswana Diamonds has started drilling at its Thorny River project, in South Africa. Eight reverse circulation drill holes are planned to drill in-between the recently discovered River and River Extension blows. The drilling programme is expected to take no... →
Minerals policy holding back growth in the junior diamond mining sector 
By: Donna Slater 1st September 2021 A report into small and junior diamond miners provides, for the first time, a glimpse into the “shocking state of the industry and the regulating authority”, says independent diamond producer Lyndon de Meillon. The ‘Status of the South African Small and Junior Diamond Mining Sector’ report was... →
Diamcor’s interim results take strain from continued Covid uncertainty
By: Marleny Arnoldi 31st August 2021 TSX-V-listed Diamcor Mining managed to tender and sell 4 468 ct of rough diamonds in the six months ended June 30, generating revenue of about $1.2-million and realising an average price of $270.39/ct. The company also delivered an additional 1 500 ct for tender right before the period ended. →
BlueRock sells three large diamonds for $1.1m
By: Tasneem Bulbulia 31st August 2021 Aim-listed BlueRock Diamonds has sold three gem-quality diamonds of 58.6 ct, 21.6 ct and 14.3 ct, for $585 000, $268 000 and $236 000, respectively, for a total of $1.1-million. The diamonds were recently recovered from the Kareevlei diamond mine in the Kimberley region of South Africa. →
Evidence-based report welcomed by small and junior diamond miners
By: Donna Slater 30th August 2021 Small and junior diamond miners are facing persistent challenges from a policy and regulatory perspective, which has resulted in a significant decrease in the number of small miners over recent years, a report titled ‘Status of the South African Small and Junior Diamond Mining Sector, states.... →
Petra partly sells two big diamonds to local beneficiator
By: Marleny Arnoldi 25th August 2021 London-listed Petra Diamonds has sold its recently recovered 342.92 ct Type IIa white diamond and an 18.30 ct Type IIb blue diamond into a partnership with Stargems. Petra will receive an upfront payment of $10-million for the 342.92 ct diamond and $3.5-million for the 18.30 ct diamond. It will... →
Okwa to acquire Gem Diamonds’ Botswana subsidiary for $4m
By: Donna Slater 23rd August 2021 London-listed Botswana Diamonds (BOD) reports that Okwa Diamonds, its joint venture (JV) with Vast Resources, has conditionally agreed to acquire 100% of the share capital in Gem Diamonds Botswana (GDB) for $4-million in cash and payable in two instalments. The acquisition of GDB is conditional... →
IDC in discussion on the introduction of an exploration fund – Demana 
By: Martin Creamer 23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... →
Angola mine leak causes 'unprecedented' pollution in Congo rivers, researchers say
By: Reuters 23rd August 2021 A suspected leak of heavy metals from a mine in northern Angola is causing an "unprecedented environmental catastrophe", affecting some two-million people in Democratic Republic of Congo, researchers at Kinshasa University said on Friday. Analysis of satellite imagery and interviews indicate a... →
BlueRock makes third large recovery in August
By: Marleny Arnoldi 19th August 2021 Aim-listed BlueRock Diamonds has recovered a 14.3 ct diamond from its Kareevlei diamond mine, in Kimberley, South Africa. The discovery follows shortly on the heels of the recovery of 58.6 ct and 21.6 ct diamonds earlier this month, providing further confirmation of the “size frequency... →
Alrosa commits $2.7m to build houses in Yakutia after forest fires
By: Schalk Burger 19th August 2021 Diamond miner Alrosa has committed about $2.7-million for the construction of houses in the Byas-Kyuel village in the Gorny district of Yakutia, Russia, which has been impacted by forest fires. “Alrosa is working closely with the Yakut government at this difficult time for the region, providing... →
Alrosa considers running mine trucks on LNG
By: Creamer Media Reporter 17th August 2021 Russian diamond miner Alrosa is considering converting its fleet of supersize mine trucks and road trains to run on liquefied natural gas (LNG) and diesel, a move that could slash its fuel costs by more than 40%, says deputy COO for vehicle management Ruslan Sizonov. The company will over a... →
BlueRock makes biggest recovery yet at Kareevlei
By: Marleny Arnoldi 16th August 2021 Aim-listed BlueRock Diamonds has recovered a 58.6 ct diamond from the Kareevlei diamond mine, in Kimberley, South Africa. This follows short after the discovery of a 21.6 ct diamond from the same mine a week ago. →
YDMC details Liberia kimberlite findings
By: Tasneem Bulbulia 13th August 2021 Liberian newspaper Heritage in May reported that Liberian diamond mining company Youssef Diamond Mining Company (YDMC) had announced the discovery of what could turn out to be the largest diamond field in West Africa. Responsible for the discovery of Liberia’s kimberlite dike deposits was South... →
Alrosa's profit jumps on higher prices
By: Reuters 13th August 2021 Russian State-controlled diamond producer Alrosa on Friday reported second-quarter net profit of 30.2-billion roubles ($411-million), up 26% from the previous quarter, thanks to higher prices. The world's largest producer of rough diamonds, which competes with Anglo American unit De Beers, is... →
Integrated mining, beneficiation approach to optimise production
By: Nadine Ramdass 13th August 2021 The parallel development of the Ngualla rare earth project and the Teesside Refinery project positions ASX-listed, Australia-headquartered Peak Resources to become one of the world’s lowest cost integrated rare earth producers, says Peak Resources MD Bardin Davis. Global decarbonisation... →
Rio sells last of the Argyle diamonds
By: Esmarie Iannucci 12th August 2021 Diversified miner Rio Tinto is showcasing its final Argyle pink diamonds tender collection of rare pink, red, blue and violet diamonds in Antwerp, Belgium. Mining ceased at Argyle in early November last year, and the 2021 Argyle pink diamonds tender is the final collection of diamonds from the... →
Gem Diamonds reports good recoveries in H1
By: Marleny Arnoldi 11th August 2021 London-listed Gem Diamonds delivered a solid performance in the six months ended June 30, with 58 831 ct of diamonds recovered and 55 124 ct sold. That compares with the 57 504 ct recovered and the 55 939 ct sold in the first half of 2020. →
Lucara progresses with Karowe expansion as diamond market recovery continues
By: Marleny Arnoldi 11th August 2021 TSX-listed Lucara Diamond Corporation says the diamond market continues on its recovery path, as evidenced by the company generating revenue of $46.3-million for the quarter ended June 30. The company realised an average price per carat sold of $671 for the quarter. →
Alrosa's rough diamond prices back at precrisis level
By: Mariaan Webb 10th August 2021 Alrosa, the world’s biggest diamond producer by volume, said on Tuesday that rough diamond prices had rebounded to precrisis levels by early August, and stressed that it would service “real demand only”. The Russian diamond producer stated that jewellery demand remained robust in July, following... →
BlueRock recovers 21.56 ct diamond at Kareevlei, revises 2021 guidance
By: Tasneem Bulbulia 10th August 2021 Aim-listed BlueRock Diamonds has discovered a 21.56 ct diamond from its Kareevlei diamond mine, in the Kimberley region of South Africa. “I am delighted to inform shareholders that we have recently recovered a 21.56 ct [diamond] of exceptional quality and what we believe will be the highest-value... →
Diamcor sells $744k worth of rough diamonds in July
By: Marleny Arnoldi 10th August 2021 TSX-V-listed Diamcor Mining sold 2 989 ct of rough diamonds in July, marking a good start to its financial year. The company generated about $744 000 from two sales held during the month, resulting in a combined average price of $248.90/ct. →
Botswana Diamonds recovers 4 diamonds, kimberlite indicators at Thorny River
By: Tasneem Bulbulia 10th August 2021 London-listed Botswana Diamonds has recovered four high-quality diamonds and abundant kimberlitic indicators from drill samples at the recently discovered River kimberlite extension at its Thorny River operation, in Limpopo, South Africa. As previously announced, a total of 71 m of kimberlite was... →
Diamond sales at De Beers' Botswana unit rebound as global market recovers
By: Reuters 6th August 2021 De Beers' Botswana unit saw sales of rough diamonds rebound by 41% in the first half of 2021, driven by the reopening of key markets the United States and China, data from the Bank of Botswana showed on Thursday. Debswana Diamond Company, a joint venture between the Botswana government and Anglo... →
Gahcho Kué rebounds from difficult start to year
By: Mariaan Webb 5th August 2021 The Gahcho Kué diamond mine, 280 km northeast of Yellowknife in the Northwest Territories, has rebounded well from a difficult start to the year, with production on track to meet its guidance for the year, reports Mountain Province Diamonds CEO Stuart Brown. The mine, which is owned in a joint... →
Resources Watch
4th August 2021 This week: De Beers bounces back to 2019 levels with outstanding performance; Anglo on trajectory towards becoming minerals solutions provider; and, ESG business critical, not just the right thing to do →
Alrosa takes actionable steps to ensure it meets ESG goals
By: Marleny Arnoldi 4th August 2021 Russian diamond miner Alrosa has published a three-year action plan for its comprehensive 2021 to 2025 Sustainability Programme. The company is focused on increasing responsibility and transparency across its diamond mining and production operations, as well as reinforcing consumer confidence. →
More drilling in store for Thorny River project
By: Marleny Arnoldi 3rd August 2021 Aim-listed Botswana Diamonds has advised that results from sample analysis on the Thorny River diamond project, based in South Africa’s Limpopo province, will only be available in mid-August. A two-week delay has been caused by Covid-19 issues; however, the company reports that initial... →
Lucara recovers 393 ct diamond at Karowe
By: Donna Slater 30th July 2021 TSX-listed diamond miner Lucara Diamond Corporation has recovered a 393.5 ct top white Type IIa gem-quality diamond from its 100%-owned Karowe diamond mine in Botswana. The diamond was recovered from direct milling of ore sourced from the M/PK(S) unit of the south lobe of the mine. →
Diamond major releases inaugural impact report
30th July 2021 The world’s largest diamond miner by volume Alrosa, earlier this month released its first ever Impact Report, which summarises its social and economic progress in Yakutia – which hosts 90% of Alrosa’s operations – over the last decade. Yakutia is one of the world’s richest regions in terms of... →
How eight entrepreneurs helped shape the South African economy
30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... →
ESG business critical, not just the right thing to do
By: Martin Creamer 30th July 2021 De Beers Group, the world’s largest diamond company by value, is working to leave a positive long-lasting legacy beyond mining. To achieve this, it has set 12 Building Forever 2030 Goals, three for each of the four supporting pillars. →
De Beers bounces back to 2019 levels with outstanding performance
By: Martin Creamer 29th July 2021 Global consumer demand for diamonds continued to recover from the impact of Covid, supported by fiscal stimulus in the US and the roll-out of vaccines, De Beers Group said on Thursday when it was credited with helping Anglo American to achieve an all-time record half-year, a period in which De... →
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