De Beers sells first traceable diamonds under GemFair
Anglo American’s De Beers, the world’s largest rough diamond producer by value, has sold the first roughs produced under the GemFair program, aimed at removing conflict diamonds from the market…
Diamond
Gemfields swings to profit as it reopened mines
Precious gemstones miner Gemfields (LSE: GEM; JSE: GML) has swung to a first-half net profit after it reopened mines and demand for its emeralds and rubies surged. The company, which returned to the London Stock Exchange’s…
Petra Diamonds mulls selling Tanzania’s Williamson mine
South Africa’s Petra Diamonds (LSE: PDL) is considering selling its Williamson mine in Tanzania, even as it continues to work on bringing the operation back online in the second half…
Lucara approves $514M Karowe mine expansion
Lucara Diamond (TSX: LUC) has announced that its board has formally accepted a planned underground expansion of the Karowe mine in Botswana, which is expected to extend the operation’s life for 20 years — until 2040. The Vancouver-based…
De Beers sales show steady rebound in diamond market
De Beers, the world’s largest diamond producer by value, said today that it had sold about US$515 million worth of rough diamonds during its latest event, making it the biggest sale…
Gem Diamonds sells Botswana unit for US$4 million
Africa-focused Gem Diamonds (LSE: GEMD) is selling its Botswana subsidiary to Okwa Diamonds, owned by Vast Resources (LSE: VAST) and Botswana Diamonds (LSE: BOD), for only US$4 million. Okwa Diamond’s main target…
North Arrow collects Naujaat bulk sample to test for fancy coloured diamonds
North Arrow Minerals (TSXV: NAR) has completed a 2,000-tonne bulk sample from its Naujaat diamond project in Nunavut, a key step toward discovering if the project has enough fancy coloured…
Rio Tinto sells last diamonds from iconic Argyle
Mining at Argyle, which accounted for 90% of worldwide pink diamond production, ended in November 2020.
Expansion of Lucara’s Karowe mine to take longer and cost more
Canada’s Lucara Diamond (TSX: LUC) has adjusted the cost and timeline of the underground expansion of its Karowe mine in Botswana, one of the world’s most prolific sources of large, high value type IIA diamonds. The company now expects to achieve 75%…
Mountain Province bounces back as diamond demand returns
Mountain Province Diamonds (TSX: MPV; US-OTC: MPVD) saw profit jump in the second quarter of the year as consumer demand for precious stones returned and Covid-19 cases dropped at its…
Lucara digs up 393 carat diamond at Karowe
Lucara Diamond (TSX: LUC) has recovered a 393 carat diamond from its company’s Karowe mine in Botswana, the seventh stone greater than 300 carats dug up at the operation so far this year. …
What a “Joy” — Lucara finds largest fancy pink diamond yet
Canada’s Lucara Diamond (TSX: LUC) has found a 62.7 carat fancy pink diamond at its prolific Karowe mine in Botswana, which has been named “Boitumelo” meaning “Joy” in Setswana, the national and majority language….