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Pt 887.90 $/oz Change: -43.80
 

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Rio Tinto offers virtual preview of some of Argyle's last offerings

By: Mariaan Webb     8th September 2020 Diversified miner Rio Tinto has provided a virtual preview to an exclusive group of collectors, diamond connoisseurs and luxury jewellery houses of rare Argyle pink, red, violet and blue diamonds in one of the very last offerings of the iconic diamond mine. The 2020 Argyle pink diamonds tender,... 

Gem Diamonds recovers more large diamonds in H1

By: Marleny Arnoldi     3rd September 2020 LSE-listed Gem Diamonds’ Letšeng mine, in Lesotho, delivered satisfactory operational results in the six months ended June 30, notwithstanding a 30-day shutdown imposed in the country. In fact, the frequency of large diamonds recovered improved in all size categories greater than 10.8 ct... 

BlueRock achieves higher-than-expected grades in August

By: Marleny Arnoldi     3rd September 2020 Aim-listed BlueRock Diamonds says its processed ore numbers and average grade achieved have improved during August. The company, which owns and operates the Kareevlei diamond mine, in South Africa’s Northern Cape province, processed 41 000 t of ore from the main pit at Kareevlei during the month,... 

De Beers cuts diamond prices after Covid-19 curbs demand

By: Bloomberg     25th August 2020 De Beers has finally decided to cut the price of its diamonds in a bid to spark sales after the coronavirus pandemic paralyzed the industry. De Beers, the world’s biggest producer, told customers that it is cutting prices for larger stones by almost 10% at its sale starting this week, according... 

Gem recovers 442 ct diamond in Lesotho

By: Simone Liedtke     21st August 2020 London-listed Gem Diamonds has recovered a high-quality 442 ct Type II diamond from its Letšeng mine, in Lesotho. CEO Clifford Elphick says the recovery of the 442 ct diamond “is further confirmation of the calibre of the Letšeng mine and its ability to consistently produce large, high-quality... 

Exchange control lifting sends strong growth message – Anglo 

By: Martin Creamer     21st August 2020 The lifting of exchange control by South Africa sends a really strong message about the country’s desire to promote investment and growth, says Anglo American finance director Stephen Pearce. He gave South Africa a pat on the back during Anglo’s virtual presentation of half-year results last... 

Alrosa to start mining upper levels of Inter mine

By: Creamer Media Reporter      19th August 2020 Diamond miner Alrosa has received regulatory approval to open up and develop reserves at the upper horizons of the International underground mine, near Mirny, the Russian company said on Wednesday. The ore from the upper horizons would be received as early as in the fourth quarter, with capacity... 

Plaintiffs in Sierra Leone diamond mine lawsuit request freeze of Steinmetz subsidiary's assets

By: Reuters     19th August 2020 Sierra Leoneans seeking damages for alleged environmental degradation around a diamond mine have applied for a freezing order on the assets of Octea, a subsidiary of Israeli billionaire Beny Steinmetz's BSG Resources (BSGR). In an affidavit to the high court of Sierra Leone, seen by Reuters, the... 

Tiffany will soon reveal everywhere your diamond has traveled

By: Bloomberg     19th August 2020 Tiffany & Co wants to ease customers’ concerns about human rights abuses in the diamond industry by providing them with an unprecedented amount of detail about the precious stones it sells. Beginning in October, the 183-year-old luxury retailer will provide expanded origin details for newly... 

Coronavirus pushes Q2 net profit of Russian diamond miner Alrosa down 98%

By: Reuters     14th August 2020 Russian State-controlled diamond producer Alrosa said on Friday that its second-quarter net profit fell by 98% year on year to 300-million roubles ($4-million) as the novel coronavirus outbreak hit demand for precious stones. The global diamond supply chain has been convulsed by the pandemic,... 

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