The Lesotho government has renewed the mining lease for LSE-listed Gem Diamonds’ Letšeng mine, CEO Clifford Elphick confirmed on Tuesday. The terms of the renewed mining lease were agreed with the Lesotho Mining Board following a statutory negotiation …
Lower diamond prices a concern for Gem; Letšeng mining lease renewed Read More »
The underground expansion at diamond miner Lucara Diamonds’ 100%-owned Karowe diamond mine, in Botswana, is expected to not only double its mine life, but also generate significant revenue and cashflow until 2040. A feasibility study into the undergrou…
Feasibility study proves benefits of Karowe underground expansion Read More »
De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years.
The company, the world’s biggest diamond producer, lowered prices by about 5% at its November sale, accord…
De Beers cuts diamond prices by about 5% as industry crisis deepens Read More »
Production at Aim-listed Firestone Diamonds’ Liqhobong mine, in Lesotho, has resumed, after the company successfully installed rented diesel generators to power the mine’s processing plant. The diamond miner last month reported that the mine was strugg…
Production resumes at Firestone’s Liqhobong mine Read More »
London-listed Petra Diamonds has temporarily halted operations at its Cullinan mine, in South Africa, while it undertakes a risk assessment following the scaling of the openpit wall over the weekend. The company on Wednesday reported that a thunderstor…
Petra undertakes risk assessment at Cullinan Read More »
Anglo American unit De Beers said its 2019 marketing budget will exceed last year’s figure of $170-million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales.
While US demand has held…
De Beers banks on ‘diamonds are for me’ Read More »
Aim-listed BlueRock Diamonds has sold the 20.72 ct diamond recovered from its Kareevlei mine, in South Africa, in September, for $236 000, or $11 389/ct. This is the highest value achieved for the mine to date for a single diamond, surpassing the previ…
BlueRock sells 20.72 ct diamond for record price Read More »
Aim-listed Botswana Diamonds on Monday announced that its 40%-owned associate Vutomi Mining had been granted a mining permit for the diamond-bearing gravels and residual unprocessed stockpiles around the iconic Marsfontein mine.
Vutomi partnered with…
Botswana Diamonds affiliate given go-ahead for Marsfontein surrounds Read More »
Russian diamond miner Alrosa has unearthed its largest gem-quality diamond in more than three years: a 232.4-ct stone that was unearthed at the Udachnaya kimberlite pipe. The diamond has a yellowish hue and several chips. Its dimensions are 40 х 39 х 2…
Alrosa finds 230 ct diamond Read More »
Diamond-producing countries on the African continent received about $8.1-billion in 2018, or 9.5% of the $85.9-billion worth of revenues generated from the sale of diamond jewellery, and some still may consider that an insufficient share, World Diamond…
Diamonds hold promise for a better future for Africa – WDC president Read More »
