Industry News

October 30, 2019

Gem Diamonds has recovered a diamond weighing 161 carats from its Letšeng mine in Lesotho.

The miner found the “high-quality” white, type IIa stone on October 28, it said. Including this rough, Gem Diamonds has retrieved five white stones over 100 carats this year. It...

October 30, 2019

Lucapa Diamond Company’s output rose in the third quarter, as the miner fully transitioned to the higher-grade portions of it Mothae and Lulo deposits.

The miner recovered 7,007 carats from its Mothae mine in Lesotho during the three months ending September 30, exceed...

October 30, 2019

Petra Diamonds evacuated the Cullinan Mine earlier this week following a thunderstorm over the weekend that led to an open pit wall collapsing. No one was hurt in the incident and the miner said it does not expect production to be affected.

Mining at the open pit was di...

October 30, 2019

Botswana Diamonds’ associate Vutomi Mining has been granted a mining permit covering the diamond bearing gravels and residual unprocessed stockpiles surrounding the iconic Marsfontein Mine, in South Africa. 


“I am delighted that the Marsfontein mining permit has been g...

October 30, 2019

Angola is planning to produce 14 million carats of diamonds by 2022 when the Luaxe mine in Lunda Sul province starts its operations, according to a news report citing Endiama.


The country produced 9,4 million carats last year.


Luaxe kimberlite, which was discovered in...

October 30, 2019

BlueRock Diamonds has sold a 20.72 carat diamond recovered at its Kareevlei mine, in South Africa for $236,000 or $11,389 per carat.


This, it said, is the highest value achieved for the mine to date for a single stone.


The previous record sale was the 24.8 carat stone...

October 30, 2019

Younger consumers are feeling flush this holiday season and look set to increase their spending this year, according to the latest consumer survey from the National Retail Federation.

"Younger consumers are helping drive the spending increase this year," said Phil Rist,...

October 30, 2019

The United Arab Emirates (UAE) Kimberley Process (KP) Office has announced that it has been awarded the ISO 9001 Certification for Quality Management Systems (QMS) by Lloyd's Register Quality Assurance, marking it as the first global KP office to receive an official IS...

October 30, 2019

US women increasingly buy engagement rings for themselves, and spend more on them than their partners do, De Beers said Monday in its annual Diamond Insight Report.

The proportion of engagement rings financed solely by brides rose to 14% in 2017 from 11% in 2015 and 7...

October 27, 2019

Alrosa has unearthed a rough stone weighing 232.4 carats at the Udachnaya pipe, its largest in more than three years.

“Such large, gem-quality crystals are extremely rare,” Evgeny Agureev, deputy CEO of Alrosa, said last week. “Of course, they are present at Alrosa’s...

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