The outbreak of a new strain of coronavirus, Covid-19, has weighed on diamond demand in February and will negatively impact on Alrosa’s sales outlook for 2020, CEO Sergey Ivanov said on Wednesday. The Russian miner reported rough and polished diamond s…
Alrosa CEO says virus outbreak affects 2020 sales outlook Read More »
Diamond miners Gem Diamonds delivered solid operational results for the year ended December 31, which, together with the targeted gains of a business transformation programme and continued emphasis on cost controls, affirmed it as one of the lowest-cos…
Gem upbeat on future prospects for Letšeng and the company Read More »
Canadian junior Star Diamond on Thursday started legal proceedings against Rio Tinto Exploration Canada (RTEC) to protect its interest in the Star-Orion South project, in Saskatchewan.
Star Diamond last month flagged possible legal action over RTEC’…
Star Diamond starts legal proceedings against Rio Tinto Read More »
As coronavirus cripples the Chinese economy, hardly anyone there is buying diamonds. Diamond sales in China have collapsed since the outbreak of the virus as shoppers stay home. De Beers, the biggest diamond miner, said sales fell by more than a third …
Diamond sales collapse as China’s luxury shoppers stay at home Read More »
Diamond miner De Beers earned $355-million from the sale of rough diamonds in its second sales cycle of this year. CEO Bruce Cleaver on Wednesday noted that, in response to improved demand for rough diamonds during the first sales cycle, the company, r…
De Beers’ rough diamonds sales fall to $355m Read More »
Diamond miner Lucapa Diamond Company will raise some A$2.8-million in a share placement to sophisticated and professional investors to advance exploration work at its Lulo kimberlite project, in Angola.
The company on Wednesday said that it would iss…
Lucapa raises funds for kimberlite hunt Read More »
The World Diamond Council (WDC) strongly endorses the regional approach taken by the Mano River Union (MRU), in West Africa, to reinforce the effectiveness of the Kimberley Process Certification Scheme (KPCS).
The MRU held a three-day workshop in Sie…
World Diamond Council lauds regional programme of Mano River Union Read More »
Alrosa, the world’s top diamond miner by volume, is betting on a new strategy to boost its sales amid an industry-wide slowdown that has hit…
Alrosa steps up efforts to brighten up fluorescent diamond sales Read More »
After watching diamond sales plunge in 2019 as a crisis engulfed the industry, De Beers is taking action to help its struggling buyers. The middlemen who cut, polish and trade the world’s gems were at the center of a disastrous year for the diamond ind…
De Beers starts outlining plans to help its struggling buyers Read More »
Russian miner Alrosa’s investment committee has approved financing for preliminary engineering studies at the Jubilee diamond mine, to provide up-to-date information to decide on the construction of an underground mine. The Jubilee pipe forms part of t…
Alrosa considers going underground at Jubilee Read More »
