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BlueRock sells 6.8ct diamond for $63 186

By: Tasneem Bulbulia     25th January 2022 Aim-listed BlueRock Diamonds has sold a 6.8 ct diamond recovered from its Kareevlei mine in South Africa for $63 186 in its January sale. "We recently announced we had two potentially high-value stones to sell in the January tender and, although one fell under our $50 000 disclosure threshold, we... 

There’s a buying frenzy in cheap and tiny diamonds

By: Bloomberg     23rd January 2022 A surge in diamond demand that began in the early Covid lockdowns is showing no sign of easing, and now even the cheapest, smallest stones are getting caught up in a buying frenzy. Low-end diamonds — the sort that you might find in jewellery displayed in a local WalMart — has been a tough... 

RioZim plans to list on dollar-only Zimbabwe exchange

By: Bloomberg     21st January 2022 RioZim is weighing a listing on Zimbabwe’s Victoria Falls Stock Exchange, where trading is denominated in foreign currency, according to people familiar with the matter. The nickel, gold and diamonds producer is “seriously considering all options available to it under the legal framework of the... 

Battery metals could attain strategic mineral status

By: Theresa Bhowan-Rajah     21st January 2022 Law firm Beech Veltman states that, in terms of the developments regarding the production and beneficiation of base metals, particularly battery metals, current legislative frameworks in South Africa and the rest of Africa do not generally distinguish between precious and base metals regarding... 

Large and rare black diamond on auction

By: Marleny Arnoldi     20th January 2022 The government of Dubai on January 18 hosted an exclusive public viewing of an extremely rare black diamond called “The Enigma” at the Dubai Diamond Exchange. The diamond has never before been exhibited.  

November mining production, sales up; Omicron to weigh on December stats

By: Donna Slater     18th January 2022 Mining production increased by 5.2% year-on-year in November, buoyed by a 38.1% rise in the production of platinum group metals (PGMs) – contributing 7.7 percentage points to the overall tally; and a 9.3% rise in iron-ore – contributing 0.8 of a percentage point, overall. Financial services... 

Petra reports healthy interim performance, retains control of Williamson

By: Marleny Arnoldi     18th January 2022 London-listed Petra Diamonds has posted a strong performance for the first half of its 2022 financial year, with higher profitability and a stronger balance sheet, which sets the company up well for the second half of the year. For the six months ended December 31, 2021, Petra produced... 

BlueRock reports higher full-year grade, output and carats sold

By: Tasneem Bulbulia     17th January 2022 Aim-listed BlueRock Diamonds achieved higher production, considerable grade increases and a 41% increase in carats sold for 2021, executive chairperson Mike Houston says. The company owns and operates the Kareevlei diamond mine, in the Kimberley region of South Africa. 

De Beers implements big diamond price hike as demand runs hot

By: Bloomberg     17th January 2022 De Beers pushed through one of its most aggressive diamond price increases in recent years as the world’s biggest producer of the stones cashes in on a buying frenzy for uncut gems. De Beers raised prices by about 8% at its first sale of the year, according to people familiar with the situation... 

Astro to spin-out WA diamond project

By: Esmarie Iannucci     14th January 2022 Junior Astro Resources on Friday announced plans to spin-off its Lower Smoke Creek diamond project, in Western Australia. The company told shareholders that the spin-off would be in the form of an initial public offering (IPO) on the ASX, and will comprise Astro’s East Kimberly project, together... 

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