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The Cullinan diamond mine
Petra defers some capital programmes to mitigate against market weakness
1st November 2023 By: Creamer Media Reporter

London-listed Petra Diamonds, which owns and operates the Cullinan, Finsch and Koffiefontein mines, in South Africa, and the Williamson mine, in Tanzania, is taking steps to provide further... 


A 208 ct diamonds recovered at the Lulo mine
Lulo mine delivers its third-largest diamond, weighing 208 ct
1st November 2023 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company has announced the recovery of a 208 ct Type IIa diamond from the Lulo alluvial mining operations, in Angola. The diamond is the third-largest to be recovered from... 


Haul trucks at one of Debswana's mines
Botswana's Debswana rough diamond sales down 21% on weak demand
31st October 2023 By: Reuters

Sales of rough diamonds at Debswana Diamond Company fell 21% in the nine months up to September, Botswana's central bank data on Tuesday showed, as demand for gems slowed amid global economic... 


The Ekati diamond mine
Ekati diamonds remain highly valued, says Burgundy
31st October 2023 By: Mariaan Webb

Despite a softer market for rough diamonds, product from the Ekati mine, in Canada, continue to generate strong buyer interest and high sell-through rates, new owner Burgundy Diamond Mines... 


A diamond mine operated by Alrosa
G7 plan to ban Russian diamonds to further dim industry sparkle
31st October 2023 By: Reuters

The global diamond sector is scrambling to get ahead of an upcoming G7 ban on Russian gems, with consumers and producers battling to manage ever more complex supply chains against a backdrop of... 


Overall winner in the professional category: “Khalifah” neckpiece by Lungile Xhwantini from The Platinum Incubator
PlatAfrica honours best platinum jewellery designs
30th October 2023 By: Darren Parker

The winners of the twenty-fourth yearly PlatAfrica Jewellery Design and Manufacturing Competition were announced during a gala awards ceremony held in Melrose, Johannesburg, on October 27.   Hosted... 


South African economy to slow down this year before stabilising in 2024
30th October 2023 By: Darren Parker

South Africa's economic growth is projected to decelerate from 1.9% in 2022 to 0.4% this year, before picking up to 1.3% in 2024, according to data and analytics company GlobalData.  This comes as... 


Stornoway suspends operations at Renard diamond mine
Stornoway suspends operations at Renard diamond mine
27th October 2023 By: Creamer Media Reporter

Canadian diamond miner Stornoway on Friday announced the suspension of operations at its Renard mine, in Quebec, and said it had started a process of restructuring. The company explained that the... 


Petra CEO Richard Duffy
Petra's first-quarter output up 12% y/y
24th October 2023 By: Creamer Media Reporter

Stabilising operations at its Cullinan and Finsch mines, in South Africa, and the resumption of production at the Williamson mine, in Tanzania, led to a 12% quarter-on-quarter increase in Petra... 


Zimbabwe’s biggest diamond miner shifts sales to Dubai auctions
20th October 2023 By: Bloomberg

Zimbabwe’s biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen. Zimbabwe Consolidated Diamond Co. has auctioned... 


The Mothae mine in Lesotho
Lucapa maintains full-year guidance, despite market challenges
20th October 2023 By: Creamer Media Reporter

ASX-listed diamond miner and explorer with assets in Africa and Australia Lucapa Diamond Company has maintained its production guidance for its Lulo and Mothae mines for the full-year. Reporting on... 


An image of the Karowe openpit
Karowe mine, Botswana
20th October 2023 By: Nadine James

A diamond mine in north-central Botswana. 


De Beers CEO Al Cook
De Beers voices support of G7 ban on Russian diamonds
19th October 2023 By: Darren Parker

In an open letter to the Group of Seven (G7) countries, diamond producer De Beers has stated that it fully and unequivocally supports the objectives of the G7 countries to prohibit diamonds of... 


University of the Witwatersrand School of Geosciences senior lecturer Dr Karen Smit
Ancient diamonds give researchers insight into continental drift
19th October 2023 By: Darren Parker

New insights into the processes of continental evolution and movement during the early stages of complex life on Earth have been revealed by the examination of ancient, superdeep diamonds that were... 


Polished diamonds
G7 to discuss four versions of Russian diamond ban this week – sources
19th October 2023 By: Reuters

G7 countries will this week discuss four plans to ban Russian diamonds from G7 markets from January 1, from light-touch self-regulation to strict import measures, laying bare differences that... 


Rio launches exclusive diamond tender
19th October 2023 By: Esmarie Iannucci

PERTH (miningweekly.com) – Major Rio Tinto has launched a new exclusive sales event for some of the diamonds recovered from its Australian and Canadian mines. Known as The Beyond Rare tender, the... 


Petra reports lower revenue in Tender 2 sales on back of market dynamics
17th October 2023 By: Marleny Arnoldi

London-listed Petra Diamonds has announced the full results of its second sales tender for the 2024 financial year, having sold 444 029 ct for $40.5-million in revenue. The second sales tender... 


Lucapa marks successful diamond tender
13th October 2023 By: Esmarie Iannucci

Diamond miner Lucapa Diamond Company has announced revenues of A$15.7-million from the sale of seven exceptional diamonds from its Lulo operation, in Angola. The company sold 534.9 ct by tender,... 


South Africa's mine output for August down 2.5% y/y
12th October 2023 By: Creamer Media Reporter

Mining production decreased by 2.5% year-on-year in August, with diamonds, manganese ore and 'other' metallic minerals having made the largest negative contributions. Diamond output was down by... 


Mountain Province is a 49% participant with De Beers Canada in the Gahcho Kué mine in Northwest Territories.
Canadian diamond miner pauses discretionary spending amid challenging market conditions
9th October 2023 By: Mariaan Webb

Canadian diamond miner Mountain Province has paused all discretionary spending to focus on cash generation and repaying debt, president and CEO Mark Wall said on Friday. In its third-quarter... 


Petra Diamonds' Finsch mine, in South Africa
Petra expects two-month import moratorium to help balance diamond market, prices
6th October 2023 By: Marleny Arnoldi

London-listed Petra Diamonds has released initial results for its Tender 2 sales, which have been brought forward owing to a two-month moratorium on diamond imports to India starting on October... 


Image if Krone-Endora diamonds
Krone-Endora at Venetia project expansion, South Africa – update
6th October 2023 By: Sheila Barradas

Diamcor Mining plans to complete a term loan financing for and the continued advancement of the work programmes under way at Krone-Endora, besides other purposes. 


The Lulo mine, in Angola
Lucapa appoints Selby as CEO and MD
5th October 2023 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company, which holds a 40% interest in the Lulo mine, in Angola, and a 70% interest in the Mothae mine, in Lesotho, has appointed Nick Selby as CEO and MD. Selby has... 


Rough Diamonds mined at De Beers' operations
De Beers reports lower sales as rough diamond availability is reduced amid lower demand
5th October 2023 By: Creamer Media Reporter

The value of De Beers' rough diamond sales for the eighth sales cycle of this year decreased to a provisional $200-million, as the diamond miner reduced its rough diamond availability in light of... 


GSSA fellow Dr Tania Marshall
Small diamond mining industry in sharp focus at symposium
4th October 2023 By: Darren Parker

Raising the profile of small-scale and artisanal diamond miners by fostering stronger networks, investing in future talent and addressing the industry's challenges were key focus points for the... 


A diamond nestled in kimberlite
Gem Trader HB Antwerp ends feud as Botswana weighs diamond sales deal
3rd October 2023 By: Reuters

HB Antwerp, a Belgian gem processor and trader, said that one of its founding members who was fired last month has been reinstated, amid a pending deal with Botswana for the supply of rough stones.... 


The Krone-Endora at Venetia mine
Diamcor seeks to raise C$5m
3rd October 2023 By: Creamer Media Reporter

Canadian diamond mining company Diamcor Mining, which owns and operates the Krone-Endora at Venetia mine, in South Africa's Limpopo province, plans to complete a term loan financing of up to... 


Haul trucks at one of Debswana's operations
De Beers signs ten-year sales deal for Botswana diamonds
2nd October 2023 By: Bloomberg

Anglo American unit De Beers and Botswana’s government signed a deal covering the main aspects of a new sales and mining agreement for their Debswana diamond venture in the African nation. The pact... 


Lucara terminates HB Trading sale agreement
Lucara terminates HB Trading sale agreement
28th September 2023 By: Mariaan Webb

Canadian diamond miner Lucara Diamond has terminated the sales agreement with HB Trading, following a “material breach of financial commitments” by HB. Lucara says it will continue to use its... 


Image of The Thorny River project area
Thorny River diamond dyke project, South Africa – update
22nd September 2023 By: Sheila Barradas

Botswana Diamonds is awaiting outstanding permits to mine Thorny River. 


Alrosa suspends diamond allocations for Sept-Oct
Alrosa suspends diamond allocations for Sept-Oct
20th September 2023 By: Reuters

Russian diamond producer Alrosa has suspended rough diamond allocations for September and October after a request from India's leading trade body, the Gems and Jewellery Export Promotion Council... 


An oil and gas exploration rig in Namibia
Africa’s newest oil jackpot comes with a corruption curse
20th September 2023 By: Bloomberg

It’s touted by some as possibly the world’s biggest-ever deep-water oil find. The discovery off the shores of Namibia last year by TotalEnergies and Shell of an estimated 11-billion barrels of... 


G7 plans Russian diamond imports ban by year-end, Belgium says
15th September 2023 By: Bloomberg

A ban on imports of Russian diamonds is expected to be agreed by Group of Seven nations in the next two or three weeks, a Belgian official said Friday. The mechanism will consist of a direct ban on... 


Image of Petra Diamonds Finsch Mine, South Africa
Petra confident of medium-, long-term lift in market
15th September 2023 By: Natasha Odendaal

In a diamond market that is softer than anticipated, London-listed Petra Diamonds is moving ahead with confidence despite a downturn in its financial performance for the year ended June 30, 2023.... 


Image of Venetia Underground Project
Venetia Underground Project, South Africa – update
15th September 2023 By: Sheila Barradas

Venetia has delivered its first production. 


De Beers ends lab-grown engagement diamonds foray as prices drop
13th September 2023 By: Bloomberg

De Beers decided to call time on offering lab-grown diamonds for engagement rings even as the man-made alternatives continue to cannibalise demand in one of the company’s most important markets.... 


Burgundy shares rise as revenues soar
13th September 2023 By: Esmarie Iannucci

The share price of diamond miner Burgundy Diamonds jumped more than 16% on Wednesday after the company flagged higher revenue for the third quarter to date, following the acquisition of the Ekati... 


As a proof-of-concept project, Marsfontein is delivering diamond recoveries and values above expectations
Mining of dumps, exploration ongoing at Marsfontein project
13th September 2023 By: Cameron Mackay

Diamond producer Botswana Diamonds (BOD) states that mining at the dumps of the company’s Marsfontein project is ongoing. In an update on its Marsfontein and Thorny River projects, in South Africa,... 


Rough diamonds being sorted
HB Antwerp co-founders clash over gem trader's future as Botswana deal looms
12th September 2023 By: Reuters

Diamond processor and trader HB Antwerp said on Monday it had removed one of its three co-founders from management following differences over strategy, a development that comes amid a pending sales... 


An image depicting Mihlali Sitefane
Great potential in Zim Mining despite challenges
8th September 2023 By: Sabrina Jardim

Despite the Zimbabwean mining sector exhibiting positive indicators, such as increased sector growth, economic growth and new legislative interventions aimed at increasing the ease of mining, the... 


Amplats announces PlatAfrica design competition finalists
7th September 2023 By: Tasneem Bulbulia

In line with its continued commitment to the development of the platinum jewellery market, Anglo American Platinum (Amplats) says it will once again host the PlatAfrica South African platinum... 


The Mir mine flooded in 2017, killing eight people. The new mine will replace output from the Mir mine and will be called Mir-Gluboky.
Alrosa starts construction of big new diamond mine
5th September 2023 By: Reuters

Russia's Alrosa, the world's biggest diamond producing company, has started construction of a giant new mine to replace one closed by flooding that killed eight people in 2017, regional authorities... 


Lab-grown diamonds
Lab-grown gems are crashing prices for one key type of diamond
4th September 2023 By: Bloomberg

One of the world’s most popular types of rough diamonds has plunged into a pricing free fall, as a growing number of Americans choose engagement rings made from lab-grown stones instead. Diamond... 


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