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Diamonds

Haul trucks at one of Debswana's operations
De Beers signs ten-year sales deal for Botswana diamonds
2nd October 2023 By: Bloomberg

Anglo American unit De Beers and Botswana’s government signed a deal covering the main aspects of a new sales and mining agreement for their Debswana diamond venture in the African nation. The pact... 


Lucara reports two resignations
2nd October 2023 By: Mariaan Webb

Diamond mining company Lucara Diamond on Monday announced the resignation of CFO Zara Boldt and VP of technical services John Armstrong. Boldt will step down with effect from December 29, and... 


Richard Lawson has been appointed De Beers CFO
Lawson to succeed Kuiljaars as De Beers CFO
29th September 2023 By: Creamer Media Reporter

Sarah Kuiljaars will step down as CFO of diamond miner De Beers Group and will be succeeded by Richard Lawson, who is currently the group's head of planning and business development, with effect... 


The above image depicts the Immersive Technologies PRO4-B transportable simulator platform in use
Simulators drive safety at diamond mine
29th September 2023 By: Lynne Davies

To improve new-employee integration and ensure that existing employees are continually upskilled, mining equipment simulator provider Immersive Technologies has supplied multiple high-fidelity,... 


Lucara terminates HB Trading sale agreement
Lucara terminates HB Trading sale agreement
28th September 2023 By: Mariaan Webb

Canadian diamond miner Lucara Diamond has terminated the sales agreement with HB Trading, following a “material breach of financial commitments” by HB. Lucara says it will continue to use its... 


Bell Equipment CEO Leon Goosen.
Bell placing strong new emphasis on underground mining equipment advance
22nd September 2023 By: Martin Creamer

With a legacy spanning decades and a reputation for pioneering advancements, South Africa’s Bell Equipment is now placing strong new emphasis on advancing underground mining equipment. Currently a... 


Gemfields’ rough emeralds and rubies continue to be in demand after the step-change in market pricing seen across last year
Gemfields expects lower 2023 financial performance
22nd September 2023 By: Cameron Mackay

Gemstone producer Gemfields has demonstrated robust financial performance during the first half of 2023.  However, CEO Sean Gilbertson cautioned on Friday that the company is unlikely to replicate... 


Alrosa suspends diamond allocations for Sept-Oct
Alrosa suspends diamond allocations for Sept-Oct
20th September 2023 By: Reuters

Russian diamond producer Alrosa has suspended rough diamond allocations for September and October after a request from India's leading trade body, the Gems and Jewellery Export Promotion Council... 


The rough emeralds sold were extracted by Kagem, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia
Gemfields’ latest emerald auction generates $25.5m in revenue
18th September 2023 By: Cameron Mackay

Gemstone producer Gemfields earned revenues of $25.5-million from its latest auction of commercial-quality rough emeralds recovered from the Kagem mine, in Zambia. All 43 lots put on offer were... 


Newfield issues A$16.9m in new equity
18th September 2023 By: Esmarie Iannucci

ASX-listed Newfield Resources has announced a A$16.98-million equity issue consisting of a loan conversion and share placement. The company on Monday announced that it would repay A$13.86-million... 


Markings on a road
Minerals Council, NUM mourn death of 18 M&R employees killed in bus crash
18th September 2023 By: Marleny Arnoldi

The Minerals Council South Africa and trade union the National Union of Mineworkers (NUM) are mourning the death of those killed in an accident between a bus and a truck, near diamond miner De... 


At least 20 dead after Limpopo diamond mine bus collides with truck, burts into flames
18th September 2023 By: News24Wire

At least 20 people died when a bus burst into flames after colliding with a truck head-on in Limpopo on Sunday afternoon.The accident occurred on the R572, and the bus is understood to have been... 


G7 plans Russian diamond imports ban by year-end, Belgium says
15th September 2023 By: Bloomberg

A ban on imports of Russian diamonds is expected to be agreed by Group of Seven nations in the next two or three weeks, a Belgian official said Friday. The mechanism will consist of a direct ban on... 


Image of Petra Diamonds Finsch Mine, South Africa
Petra confident of medium-, long-term lift in market
15th September 2023 By: Natasha Odendaal

In a diamond market that is softer than anticipated, London-listed Petra Diamonds is moving ahead with confidence despite a downturn in its financial performance for the year ended June 30, 2023.... 


De Beers ends lab-grown engagement diamonds foray as prices drop
13th September 2023 By: Bloomberg

De Beers decided to call time on offering lab-grown diamonds for engagement rings even as the man-made alternatives continue to cannibalise demand in one of the company’s most important markets.... 


Burgundy shares rise as revenues soar
13th September 2023 By: Esmarie Iannucci

The share price of diamond miner Burgundy Diamonds jumped more than 16% on Wednesday after the company flagged higher revenue for the third quarter to date, following the acquisition of the Ekati... 


As a proof-of-concept project, Marsfontein is delivering diamond recoveries and values above expectations
Mining of dumps, exploration ongoing at Marsfontein project
13th September 2023 By: Cameron Mackay

Diamond producer Botswana Diamonds (BOD) states that mining at the dumps of the company’s Marsfontein project is ongoing. In an update on its Marsfontein and Thorny River projects, in South Africa,... 


School of Mining in operational surroundings.
New mining school nurturing human capital in anticipation of major upcoming demand
12th September 2023 By: Martin Creamer

Copper mining company Copper 360, which announced in August that its School of Mining was under development at Concordia operation in the Northern Cape, has launched its first set of courses, aimed... 


Rough diamonds being sorted
HB Antwerp co-founders clash over gem trader's future as Botswana deal looms
12th September 2023 By: Reuters

Diamond processor and trader HB Antwerp said on Monday it had removed one of its three co-founders from management following differences over strategy, a development that comes amid a pending sales... 


Alrosa says mines largest gem-quality diamond in Russia in decade
11th September 2023 By: Reuters

Sanctions-hit Alrosa, the world's biggest diamond producing company, said on Sunday it has mined the largest gem-quality diamond in Russia in the past decade. The 390.7-carat diamond was mined at... 


An image of the NUM logo
De Beers seeking five-year agreement with NUM as union threatens strike action
8th September 2023 By: Tasneem Bulbulia

Diamond miner De Beers Group says its intention is to secure an agreement on a five-year wage deal with trade union the National Union of Mineworkers (NUM). The entities have been in negotiations... 


ICMM CEO Rohitesh Dhawan
ICMM publishes guidance to improve the mining, metals industry’s disclosure of Scope 3 emissions
7th September 2023 By: Creamer Media Reporter

Global metals and mining industry body ICMM has published a 'Scope 3 Emissions Accounting and Reporting Guidance', which provides a standardised framework for mining and metals companies to... 


Buffels Marine mining right
De Beers concludes sale of Buffels Marine mining right
5th September 2023 By: Darren Parker

Diamond mining company De Beers has announced the successful sale of the Buffels Marine mining right (BMMR) and associated assets to Kleinzee Holdings, which is a consortium led by partners Melki... 


The Mir mine flooded in 2017, killing eight people. The new mine will replace output from the Mir mine and will be called Mir-Gluboky.
Alrosa starts construction of big new diamond mine
5th September 2023 By: Reuters

Russia's Alrosa, the world's biggest diamond producing company, has started construction of a giant new mine to replace one closed by flooding that killed eight people in 2017, regional authorities... 


Lab-grown diamonds
Lab-grown gems are crashing prices for one key type of diamond
4th September 2023 By: Bloomberg

One of the world’s most popular types of rough diamonds has plunged into a pricing free fall, as a growing number of Americans choose engagement rings made from lab-grown stones instead. Diamond... 


Gem Diamonds swings to $1m loss in H1
31st August 2023 By: Marleny Arnoldi

London-listed Gem Diamonds has posted a loss a share of $0.07 and lower underlying earnings before interest, taxes, depreciation and amortisation of $8.4-million for the six months ended June 30,... 


India asks US to release funds frozen over suspected Russia diamond link - sources
India asks US to release funds frozen over suspected Russia diamond link - sources
30th August 2023 By: Reuters

India has asked the United States to release $26-million belonging to at least two Indian diamond firms frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa, three... 


De Beers CEO Al Cook
De Beers' sightholder sales fall amid lower jewellery demand, midstream trading
30th August 2023 By: Creamer Media Reporter

Diamond miner De Beers' seventh sales cycle of this year generated $370-million – much lower than the $638-million recorded for the seventh sales cycle of 2022. Sales were also lower than the... 


Rough diamonds
Diamond producers adapting to rapidly changing landscape, says BDO
28th August 2023 By: Marleny Arnoldi

The diamond industry has faced multiple challenges leading to a notable shift in its landscape over the last few years, says personal liability company BDO South Africa. Natural resources partner... 


Lucapa swings to first-half profit, now debt free
28th August 2023 By: Tasneem Bulbulia

Diamond miner Lucapa Diamond’s rough diamond revenue for the half year ended June 30 was $46.8-million on a 100% basis at an average price of $1 633 /ct. Lucapa recovers large and high-quality... 


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pqt: 0.44s - ct: 11.089s - 328pq - 2rq
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