Industry News

January 31, 2017

The Antwerp diamond industry recorded a 5 percent increase in trade in 2016 following a very difficult 2015, the Antwerp World Diamond Centre (AWDC) reported.

Last year, $48 billion worth of diamonds were imported and exported from Antwerp.

“The rough diamond market in p...

January 31, 2017

Lucapa Diamond Company acquired the Mothae mine in Lesotho for $9 million, saying the resource that was abandoned by Lucara Diamond Corp in 2015 will complement its other operations. 

“There’s only one thing better than owning one diamond mine that produces large, hig...

January 31, 2017

A cash crunch in the Indian diamond industry forced Mountain Province to withdraw a quarter of rough diamonds from its first sale of production from the Gahcho Kué mine in Canada, the company reported.

The retracted goods were mostly brown and lower-quality items whic...

January 31, 2017

Firestone Diamonds will sell its first batch of rough diamonds from the Liqhobong mine in Antwerp next month.

The event will run from February 6 to 10, with results expected the following week, the miner said. The company plans to host a second sale by the end of Marc...

January 31, 2017

Lucara Diamond has appointed Moolman Mining Botswana (Aveng Moolmans) as its new mining contractor at Karowe diamond mine in Botswana. 


Aveng Moolmans was contracted for a six year-period to provide the full suite of mining services at the mine, including all drill, bl...

January 27, 2017

Mining majors, ALROSA and De Beers, have reportedly been adversely affected due to 'demonetization' in India, which triggered the slowdown in demand for lower-value rough diamonds in Nov. and Dec. 2016, says a report in TOI. 


According to the report, small and medium d...

January 27, 2017

Firestone Diamonds has issued its fourth quarter (ended December 31) production results, announcing that its Liqhobong project construction is 100% complete and ramping up to nameplate capacity, and that its first diamond recoveries commenced in late October 2016.

Fire...

January 27, 2017

Market hoping next week’s Spring Festival will signal renewed growth in the Chinese jewelry market. Diamond manufacturing increasing despite sluggish U.S. post-holiday demand. Profit margins under pressure as rough prices rise at larger-than-expected $720M De Beers sig...

January 27, 2017

De Beers sales volume grew by more than 50 percent in 2016 as lower rough prices and depleted polished inventories drove a resurgence in demand.

The company's rough sales jumped to 32 million carats last year, parent company Anglo American reported. De Beers previousl...

January 25, 2017

Rough-Polished, citing Russian News Agency Tass, reports that nine new diamond deposits in two Arctic regions of Yakutia will be commissioned by 2025 by ALROSA subsidiaries, according to Vasily Zakharov, the first deputy minister of Industry and Geology of the Republic...

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