Industry News

February 26, 2020

Lucara Diamond Corp.’s sales rose in 2019 as the miner sold a higher volume of rough from its Karowe mine in Botswana.

Proceeds for the year increased 9% to $192.5 million, exceeding the company’s $170 million to $180 million forecast, it said Monday. A 17% increase i...

February 26, 2020

Revenue from Rio Tinto’s diamond division slid 11% to $619 million in 2019 as prices for rough diamonds weakened, the miner reported Wednesday.

The diamond unit recorded a net loss of $21 million, compared with a profit of $118 million a year ago. Earnings before inte...

February 26, 2020

De Beers has allowed clients to forgo buying certain rough diamonds at this week’s sight, as the coronavirus outbreak has raised concerns about a polished glut.

The miner has let sightholders defer purchases of goods that produce the types of polished popular in the C...

February 26, 2020

De Beers and its clients expect a slowdown in rough-diamond sales at the company's Botswana sight this week amid concerns about the coronavirus.

“It’s fair to say there will be an impact on rough demand in the short term,” De Beers chief financial officer Nimesh Patel...

February 26, 2020

Chinese retail is almost dead, the country’s bourses are quiet, and even importing rough goods has been fraught with obstacles. Diamond dealers expect a release of pent-up demand when the coronavirus goes away, but for now, all they can do is manage a difficult situati...

February 26, 2020

Another Hong Kong event has been forced to re-schedule because of the coronavirus outbreak.

The 9th AEC Gems & Jewelry Presidents' Summit, originally scheduled for 3 March, will now take place on 19 May.

It will form a part of two other Hong Kong shows, which have both b...

February 26, 2020

The government of Angola is looking for three independent valuators to assort, value and determine the reserve prices of Angolan rough diamonds prior to their commercialisation.
The contracting entity will be the mineral resources ministry, which is responsible for the...

February 26, 2020

A power outage halted ore treatment at Firestone's Liqhobong, mine in Lesotho, for almost a month and cost $4.6 million, the company said today.

The disruption increased costs in Q2 - $14.90 per tonne treated compared with $10.32 in Q1, according to the quarterly o...

February 26, 2020

Angola has seized 6,579 carats of rough diamonds in the Lunda Norte Province as part of its Operation Transparency in 2019, according to a report from the Provincial Civil Protection Commission seen by the local media.


Angop news agency reports that 19 cars and $275,00...

February 23, 2020

ALROSA has recovered a 17.44-carat diamond at the Verkhne-Munskoye deposit for the first time since the beginning of its operations.


The gem-quality fancy stone has a bright yellow color.


According to the company, the diamond was produced at the Zapolyarnaya kimberlite...

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