Aim-listed Firestone Diamonds has confirmed that stable grid power had been restored at its Liqhobong diamond mine, in Lesotho, and that the mine was processing at full capacity. The Lesotho Electricity Company-owned Muela hydropower station was brough…
Grid power restored at Firestone’s Liqhobong diamond mine Read More »
The crisis afflicting the diamond industry won’t end anytime soon, according to Liberum Capital Markets. There has been little good news this year. An oversupply of rough diamonds, a surfeit of polished stone stocks and falling prices have piled pressu…
Diamond industry’s torrid year set to continue for some time Read More »
North American-headquartered miner Lucara Diamond Corporation expects to recover between 370 000 ct and 410 000 ct of diamonds from its Karowe mine, in Botswana, in 2020.
The company on Friday provided its operating guidance for next year.
Lucara to make underground mining decision in latter half of 2020 Read More »
Semi-industrial and artisanal diamond mining cooperatives in Angola will lose their mining licences if they remain inactive for more than six months, Geology and Mines State Secretary Jânio Correia Victor warned recently. He was speaking in Luanda at t…
Angola warns cooperatives against compliance failures Read More »
State-owned Zimbabwe Consolidated Diamond Co plans gem auctions outside the country, including in Asian cities, to widen marketing options amid a market glut that’s steadily made polished stones cheaper. The company must explore and penetrate the inter…
Zimbabwe’s ZCDC plans debut international diamond sale in 2020 Read More »
State-owned Zimbabwe Consolidated Diamond Co plans gem auctions outside the country, including in Asian cities, to widen marketing options amid a market glut that’s steadily made polished stones cheaper. The company must explore and penetrate the inter…
Zimbabwe’s ZCDC plans debut international diamond sale in 2020 Read More »
ASX-listed Lucapa Diamonds has confirmed that it is in talks to potentially secure a majority stake in the Project Lulo joint venture (JV), which holds the primary kimberlite exploration licence for the 3 000 km2 Lulo diamond concession, in Angola. Di…
Lucapa in talks to secure majority stake in Angola JV Read More »
Dual-listed diamond explorer Botswana Diamonds and Aim-listed Vast Resources have signed the terms of a new agreement in respect of their proposed joint venture (JV) in the Chiadzwa Marange area, in Zimbabwe. When the detailed agreement between Vast’s …
Botswana Diamonds, Vast sign new agreement over Zim diamond concession Read More »
The global diamond industry will require a new narrative and a rebranding to secure its future, a new report has warned.
The Dubai Multi Commodities Centre (DMCC) states in its ‘Diamonds Changing Forever’ report that the global industry is at a “major…
Diamond industry at ‘inflection point’ – DMCC report Read More »
The World Diamond Council says governments have failed to reach consensus on a strengthened scope for the Kimberley Process (KP) during this year’s KP plenary meeting, which was held in India earlier this week. The meeting was expected to discuss the e…
KP plenary fails to reach consensus on strengthened scope Read More »
