Petra Diamonds sells half its stake in Williamson mine
Petra Diamonds (LSE: PDL) said on Wednesday it had inked a definitive deal to sell 50% of its stake in the Williamson diamond mine in Tanzania to local technical services contractor…
Diamond
De Beers merges two auctions as diamond sales disappoint
It sold $480 million worth of rough diamonds in the period between May 1 and May 16, 21% less than in the same period of 2022.
Nevada regains top spot as most attractive mining jurisdiction
The state of Nevada is once again the world’s top-ranked jurisdiction for mining and exploration after yielded the spot last year to Western Australia, the Fraser Institute’s 2022 annual survey of…
Anglo American’s copper output up 28% in first quarter
Anglo American (LSE: AAL) said on Tuesday that copper production jumped by 28% in the first three months of the year to 178,100 tonnes, thanks mainly to the ramp-up of its…
The View from England: Famous gems being both flaunted and hidden
By now you should have received your invitation to the coronation of Charles III and his wife, Camilla, as king and queen of the United Kingdom and other Commonwealth realms….
Botswana threatens break-up with De Beers in push for better deal
Botswana may not renew a five-decade sales agreement with De Beers if the diamond producer doesn’t offer a larger share of rough diamonds to the state’s gem trading company, Okavango…
De Beers finds diamond within a diamond, names it the ‘Beating Heart’
De Beers, the largest diamond producer by value, has unveiled a unique piece it named the “Beating Heart”— a 0.33-carat rough specimen that consists of a diamond within another diamond….
‘Bubblegum’-coloured diamond could fetch more than $35M at auction
A rare pink diamond of “unparalleled colour and brightness” is expected to fetch over $35 million when it goes under Sotheby’s hammer in New York next June, potentially becoming one…
Botswana Diamonds begins mining in South Africa
Botswana Diamonds (LSE: BOD) has begun mining at Marsfontein in South Africa, as a proof-of-concept trial project that it expects will help improve operations at its larger Thorny River project….
Strong market for emeralds, rubies, lifts Gemfields revenue to a record high
Shares in coloured gems miner Gemfields (LSE: GEM; JSE: GML) climbed more than 5% on Friday after it posted record revenue for 2022, exceeding the US$300-million mark for the first time….
Australian Burgundy buys Canada’s largest diamond operation, Arctic Canadian
Burgundy Diamond Mines (ASX: BDM) is buying debt-burdened Arctic Canadian, owner of Canada’s largest gem workings, the Ekati mine, to become one of the world’s biggest diamond operations. The purchase…
Rio Tinto to spend U$40M on Diavik diamond mine expansion
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is going ahead with a US$40-million expansion of its iconic Diavik diamond mine in the Northwest Territories, which will extend the operation’s…