Industry News

February 27, 2018

South Africa has a new minister of mineral resources, which is likely to be welcome news to the country's mining community. New President Cyril Ramaphosa announced his cabinet on Monday night, appointing former National Union of Mineworkers secretary general and nation...

February 27, 2018

US polished-diamond trading slowed last year, according to government data. 

Polished imports dropped 6% to $21.62 billion and, by volume, slid 9% to 9.8 million carats. The average price increased 4% to $2,205 per carat. 

Polished exports fell 4% to $18.02 billion,...

February 27, 2018

Belgium’s polished-diamond exports increased in January, according to data from the Antwerp World Diamond Centre (AWDC). 

Polished exports jumped 29% year on year to $813.4 million and, by volume, rose 21% to 352.1 million carats. The average price grew 6% to $2,310 p...

February 27, 2018

Polished-diamond shipments out of India increased in January, according to data from the nation’s Gem & Jewellery Export Promotion Council (GJEPC). 

Polished exports climbed 29% year on year to $2.08 billion and, by volume, rose 20% to 2.7 million carats. The average...

February 27, 2018

Zimbabwe’s former mines minister Obert Mpofu refused to give evidence before a Parliamentary Portfolio Committee on Mines and Energy concerning diamond mining activities in Marange under his watch. 


Diamond mining in Marange was marked by leakages and poor revenue infl...

February 27, 2018

Sarine Technologies Ltd, one of the leading diamond industry technology developers, announced significant declines in its financial figures in 2017, with total profits falling 68% to US$5.76 million and revenues down by 19% to US$58.6 million.

The Singapore Exchange li...

February 27, 2018

Canada’s Lucara Diamond announced that effective today, William Lamb will be retiring as Lucara's Chief Executive Officer and stepping down from the Board of Directors. Eira Thomas, a founder and director of the Company will be assuming the position of CEO.

Under Mr. La...

February 27, 2018

Angola is set to make its second issue of Eurobonds of about $2 billion towards the end of this month, according to a news report. 


The country made its first issuance of Eurobonds in November 2015, raising about $1.5 billion in the foreign market through a syndicate o...

February 27, 2018

The Minerals Marketing Corporation of Zimbabwe (MMCZ) said it sold 51 million carats from Marange diamond fields for $2,4 billion since 2006. 


“The total caratage from 2006 to 2017 in our books are 51 060 095,92 and we marketed and sold these diamonds resulting in sale...

February 27, 2018

Eira Thomas has taken over as CEO of Lucara Diamond Corp., replacing William Lamb, the miner said Sunday. 

Thomas (pictured), who has worked in the mining industry for 25 years, is a founder and director of Lucara, and a cofounder and former CEO of Stornoway Diamond C...

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