De Beers latest sale shows demand remains strong
De Beers, the world’s top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period last year, attesting to the…
Diamond
Alrosa suspends Natural Diamond Council membership
The affected by sanctions Russian diamond miner said it was doing “everything” needed to mitigate the impacts of the conflict on its clients and partners.
Strong diamond demand boosts Lucara revenue, Petra sales
Petra Diamonds (LSE: PDL) and Lucara Diamond (TSX: LUC) added evidence today that the global market has returned to pre-pandemic levels after posting a sharp increase in sales and revenue…
De Beers boosts production to meet recovering demand
De Beers, the world’s top diamond producer by value, saw production jump in the last quarter of 2021 by 15% to 7.7 million carats, as it boosted production to meet…
Rio Tinto and Star Diamond make peace
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Canadian junior Star Diamond (TSX: DIAM) have reached an agreement to end a long drawn out dispute over the development of…
India factory closures weigh on De Beers diamond revenues
Anglo American‘s (LON: AAL) diamonds unit De Beers has reported another decline in sales revenue for the ninth sales cycle this year, as cutting factory closures in India weighed on…
The Top 10 diamond stories of 2021
The diamond sector may be a volatile industry, as its dramatic ups and downs during the pandemic have demonstrated. But readers have remained interested in diamond news this year —…
TSX rises, Nov. 8-12
The S&P/TSX Composite index rose 312.70 points or 1.46% to finish the November 8-12 trading week at 21,768.50. The S&P/TSX Global Mining Index gained 5.97 points or 6.12% to 103.55…
The diamond market ‘is the strongest it’s been in ten years,’ diamond expert says
After a brutal 2020 that saw diamond production and sales curbed globally, with production declining more than 20% to around 107 million carats, the diamond market has bounced back strongly…
Guinea junta names AngloGold executive as mines minister
Guinea’s junta has appointed Moussa Magassouba, the director general of AngloGold Ashanti’s (NYSE: AU; JSE: ANG) local subsidiary as the country’s mines and geology minister, two months after the elite…
Anglo American strategy boss replaces Cutifani as CEO
Duncan Wanblad, 54, will be the first South African to run the company since Tony Trahar stepped down in 2007.
Alrosa says global stock of rough diamonds “minimal”
Alrosa (MCX: ALRS), the world’s top diamond miner by output, warned that global stocks of roughs are nearing multi-year lows, as demand continues to increase with not meaningful supply response from…