De Beers output drops amid Venetia mine transition
De Beers, the world’s largest diamond producer by value, saw production fall 23% to 7.4 million carats in the third quarter ended Sept. 30 as a result of planned slow-down…
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De Beers US$2.3B Venetia mine expansion yields first diamonds
De Beers, the world’s largest diamond producer by value, announced on Tuesday it had recovered the first diamonds from its new US$2.3-billion ($3 billion) underground operations at the Venetia mine in South…
Mountain Province finds new kimberlite around Gahcho Kue mine
Mountain Province Diamonds (TSX: MPV) has found a new kimberlite on the claims and leases surrounding its Gahcho Kué joint venture operation in the Northwest Territories, about 280 km northeast…
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…
Six Canadian-listed diamond companies poised to prosper as market recovers
Whether they’re producers, developers or explorers, Canadian-listed diamond companies are a tough lot. Those that have survived the disruptions of the pandemic — and the soft diamond market that preceded…
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…
Alrosa says global diamond sector “fully recovered” from pandemic hit
Alrosa, the world’s top diamond miner by output, says the industry has “fully recovered” from the Covid-19 pandemic as a structural production decline paired with growing end-user demand are pushing…
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…
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…
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…
Petra fetches over US$40 million for 39-carat blue diamond
At $1,021,357 per carat, is the highest price has achieved for a single stone.