Industry News

October 27, 2019

Lucapa Diamond has achieved year to date to September sales of $38.2 million, with a further $10.4 million in sales already booked post quarter-end from its 70%-owned Mothae mine, in Lesotho and 40%-owned Lulo mine, in Angola against a backdrop of challenging global di...

October 20, 2019

BlueRock Diamonds, which owns the Kareevlei diamond mine, in South Africa has achieved a grade of 4.3 carats per hundred tonnes (cpht) in the third quarter, compared with a grade of 3.13 cpht in the third quarter of last year.


The company sold 4 139 carats at an averag...

September 25, 2019

BlueRock Diamonds, which owns the Kareevlei mine in South Africa, has sold a 10.6-carat rough diamond for $103,000 at its September tender.

The stone, fetching $9,571 per carat, is the sixth diamond the miner has sold this year for more than $50,000. Those goods have...

September 22, 2019

Junior miner Diamcor Mining Inc. has reported an improvement in the total number of rough diamonds it has tendered, sold and delivered. The miner has sold 3,759.62 carats this quarter, with another 4,825 to be tendered in Antwerp in the coming weeks. Sales during the q...

September 18, 2019

Shares in Petra Diamonds slipped 7% in early trading Monday after the miner reported its loss had broadened due to a devaluation of its four deposits.

The company reported a net loss of $258.1 million for the period ending June 30, as opposed to a loss of $203.1 milli...

September 8, 2019

Gem Diamonds’ profit fell in the first half of the year, as the volume of large stones unearthed at its Letšeng mine in Lesotho has significantly declined from last year. 

Profit plunged 75% to $6.6 million for the six months ending June 30, the company reported Thurs...

September 4, 2019

Lucapa Diamond Company returned to profit in the first half, amid an increase in sales and a higher average price, the company said Tuesday. 

The miner recorded a net profit of $1.1 million in the six months ending June 30, compared with a loss of $4.3 million during...

September 4, 2019

BlueRock Diamonds improved its bottom line in the first half, as sales grew amid increased production and a higher average price, the miner said Monday. 

The company reported a loss of GBP 381,027 ($458,064) from its Kareevlei mine in South Africa for the six months e...

August 21, 2019

Alrosa has reduced its sales forecast for this year in light of sluggish rough demand in the second quarter.

The company expects to sell between 32 million and 33 million carats of rough diamonds for 2019, compared to its previous plan of 38 million carats, it said Mo...

August 21, 2019

During Q2 of 2019, Lucara's revenue totaled $42.5 million, realizing $417 per carat. This constitutes a drop of 35 percent compared to $64.5 million realized in the second quarter of 2018, when the price per carat sold stood at $856 per carat. Lucara stated the sales f...

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