The world’s top 5 richest diamond mines
The diamond industry was one of the winners as the world economy rebounded from the effects of the pandemic. Consumer demand for diamond jewelry grew last year, while supply remained…
Diamond
CMS 2022: Digital sales, blockchain tracing cement Lucara’s place in diamond market
The post-pandemic period represents “the best diamond market in the better part of a decade,” Lucara Diamond (TSX: LUC) president and CEO Eira Thomas told delegates at The Northern Miner’s…
Petra Diamonds to keep Williamson mine idled until mid-2023
Petra Diamonds (LSE: PDL) said on Wednesday its Williamson mine in Tanzania would not resume production before the middle of 2023, following the partial collapse of a tailings storage facility…
Mountain Province finds new kimberlite around Gahcho Kue mine
Mountain Province Diamonds (TSX: MPV) has found a new kimberlite on the claims and leases surrounding its Gahcho Kué joint venture operation in the Northwest Territories, about 280 km northeast…
Massive emerald cluster sets new record at Gemfields auction
Africa-focused Gemfields (LSE: GEM; JSE: GML) racked up US$30.8 million in revenue from its latest emerald action, which included a massive cluster of emeralds weighing 187,775 carats (37,555 grams). The Kafubu…
Lucara extends sales deal with HB by 10 years
Canada’s Lucara Diamond (TSX: LUC) has extended its sales agreement with HB Trading covering high-value diamonds from the Karowe mine, in Botswana, for another 10 years. The contract will see Lucara’s +10.8 carat…
Petra Diamonds halts Williamson mine in Tanzania after dam breach
Petra Diamonds (LSE: PDL) said on Monday it had halted operations at its Williamson mine in Tanzania after a tailings storage facility burst, causing flooding in nearby areas. The company,…
Diamond trade watchdog mulls fate of Russian gems
The Kimberley Process (KP), an international scheme that certifies rough diamond exports, is expected to decide this week whether Russian diamonds should be declared conflict gems. Members of the KP…
De Beers names Equinor’s Cook as new CEO
De Beers, the world’s top diamond producer by value, has appointed oil and energy industry executive Al Cook as its new chief executive to replace Bruce Cleaver, who leaves the top job after six…
Petra Diamonds to resume dividend payouts after three-year turnaround
Petra Diamonds (LSE: PDL) said on Tuesday it would resume paying a dividend and launch a US$150-million debt-cutting plan after stronger prices fuelled by sanctions on Russia’s Alrosa, the world’s…
NWT safety commission, companies launch investigation following death at diamond mine
An investigation is underway at the Gahcho Kué Mine site in the Northwest Territories following the death of a worker in an accident there on Thursday.Inspectors from the territorial Workers’…
Lucapa finds Angola mine’s sixth-largest white diamond
Australia’s Lucapa Diamond (ASX: LOM) has recovered a 160-carat white Type IIa diamond at its prolific Lulo mine in Angola, the sixth-largest recovered at the operation to date. The diamond was found at the…