Edward Asscher has been named president of the World Diamond Council (WDC), the international organisation that is charged with leading the industry’s effort to prevent conflict diamonds from entering the jewellery supply chain and with representing it…
Edward Asscher named World Diamond Council president Read More »
With traditional markets for rough diamond sales remaining closed, Canadian diamond miner Mountain Province on Monday unveiled a proposed $50-million transaction that will provide it with short-term liquidity.
The 49% participant in the Gahcho Kue min…
Mountain Province proposes $50m sales agreement with Desmond’s Dunebridge Read More »
Aim-listed BlueRock Diamonds, which operates the Kareevlei diamond mine, near Kimberley, in South Africa, has announced the private sale of 2 400 ct at an average price of $290 /ct for a total of $700 000. "This sale at a time when the traditional …
BlueRock concludes diamond sale Read More »
In one of the world’s biggest diamond vaults, hidden inside a nondescript office compound on the dusty outskirts of Botswana’s capital, the precious stones just keep piling up. Owner De Beers, which mines and auctions most of its gems in the southern A…
The great diamond glut: Miners stuck with gems worth billions Read More »
Russian diamond producer Alrosa reported an 87% slide in first-quarter net profit on Friday and said its future results were likely to suffer from the impact of the coronavirus outbreak on sales.
Net profit fell to 3.1-billion roubles in the first thr…
Alrosa sees coronavirus impact lingering after Q1 profit slide Read More »
The unforeseen global health crisis triggered by the Covid-19 pandemic has had dire economic repercussions, to which South Africa is not immune.
Hard-hit diamond jewellery sector mulls postpandemic recovery strategies Read More »
TSX-V-listed Pangolin Diamonds intends to complete a nonbrokered private placement of units to raise aggregate gross proceeds of up to $600 000. The net proceeds of the offering will primarily be used for exploration expenditures at its various project…
Pangolin to raise $600 000 for exploration Read More »
Aim-listed BlueRock Diamonds is recording solid results at its Kareevlei diamond mine in the Kimberley region of South Africa, following its restart last month when mines in South Africa were allowed to partially resume operations. There have been no c…
BlueRock achieves notable production at Kareevlei following restart Read More »
JOHANNESBURG (miningweekly.com) – The discovery of alluvial diamonds in the unique secondary deposits of the Middle Orange River downstream of Hopetown in South Africa in 1867 was the catalyst that initiated the development of the mining industry in So…
Urgent plea to government to allow struggling alluvial diamond sector to create jobs Read More »
The discovery of alluvial diamonds in the unique secondary deposits of the Middle Orange River downstream of Hopetown in South Africa in 1867 was the catalyst that initiated the development of the mining industry in Southern Africa. But compared with i…
Urgent plea to allow struggling alluvial diamond sector to create jobs Read More »
