EU Commission proposes Russian diamond ban
Mining News Pro - The European Commission has proposed a ban on imports of diamonds and liquid petroleum gas from Russia and also to tighten implementation of a price cap on Russian oil as part of new sanctions against Moscow, EU diplomats said on Wednesday.
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Visit: 42
De Beers keeps production target despite supply glut
Mining News Pro - De Beers is sticking to its 2023 production target because it is confident of the long-term outlook, its chief executive said on Monday, despite a glut in diamond supply amid weakening demand.
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Visit: 44
The diamond world takes radical steps to stop a pricing plunge
Mining News Pro - When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they were presented with a rare offer by their host: the option to buy nothing at all.
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Visit: 48
Stornoway Diamond files for bankruptcy for second time, stops operations at Quebec site
Mining News Pro - Stornoway Diamond Inc. is filing for bankruptcy protection for the second time in four years as the miner struggles to deal with volatile pricing on global markets.
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Visit: 121
G7 announcement on Russian diamond ban expected by end of month
Mining News Pro - A G7 statement announcing a ban on imports of Russian diamonds is expected by the end of this month, followed closely by a proposal for the European Union’s 12th package of sanctions on Russia, diplomatic sources said.
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Visit: 59
Alrosa suspends diamond supply for Sept-Oct – India’s trade body
Mining News Pro - Russian diamond producer Alrosa has suspended rough diamond supply for September and October after a request from India’s leading trade body, the Gems and Jewellery Export Promotion Council (GJEPC) said on Wednesday.
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Visit: 109
G7 to launch Russian diamond ban in bid to curb revenues, Belgium says
Mining News Pro - The Group of Seven (G7) countries is expected to announce an import ban on Russian diamonds in the next 2-3 weeks, Belgian officials told reporters on Friday, in a bid to tighten a squeeze on Russia’s capacity to finance the war in Ukraine.
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Visit: 95
De Beers ends lab-grown engagement diamonds foray as prices drop
Mining News Pro - De Beers decided to call time on offering lab-grown diamonds for engagement rings even as the man-made alternatives continue to cannibalize demand in one of the company’s most important markets.
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Visit: 77
Alrosa says mines largest gem-quality diamond in Russia in decade
Mining News Pro - Sanctions-hit Alrosa, the world’s biggest diamond producing company, said on Sunday it has mined the largest gem-quality diamond in Russia in the past decade.
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Visit: 80
India asks US to release funds frozen over suspected Russia diamond link
Mining News Pro - India has asked the United States to release $26 million belonging to at least two Indian diamond firms frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa, three Indian sources told Reuters.
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Visit: 76
De Beers to aid employees in evacuation amid wildfires in Canada’s Northwest Territories
Mining News Pro - Anglo American unit De Beers Group said on Thursday it was assisting some employees at its Gahcho Kué diamond mine in Canada’s Northwest Territories whose families were residing in the Yellowknife region and were asked to evacuate due to wildfires.
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Visit: 118
De Beers to aid employees in evacuation amid wildfires in Canada’s Northwest Territories
Mining News Pro - Anglo American unit De Beers Group said on Thursday it was assisting some employees at its Gahcho Kué diamond mine in Canada’s Northwest Territories whose families were residing in the Yellowknife region and were asked to evacuate due to wildfires.
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Visit: 100
De Beers $2.3bn Venetia mine expansion yields first diamonds
Mining News Pro - De Beers, the world’s largest diamond producer by value, announced on Tuesday it has recovered the first diamonds from its new $2.3 billion underground operations at Venetia mine in South Africa.
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Visit: 83
De Beers agrees to give Botswana more rough diamonds in new sales pact
Mining News Pro - Botswana and De Beers Group have agreed to a new diamond sales deal in which the African country, the world’s No. 1 diamond producer by value, gradually increases the share of rough stones it gets from their joint venture Debswana over the next decade to 50%, the government and the mining company said on Saturday.
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Visit: 138
Botswana says it is still keen on De Beers partnership, confident of new deal
Mining News Pro - Botswana wants to maintain its partnership with De Beers and is confident that ongoing negotiations for a new diamond sales agreement will succeed, a government spokesperson said on Tuesday.
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Visit: 101
Namibia considers taking stakes in mining and petroleum companies
Mining News Pro - Namibia is considering taking minority stakes in mining and petroleum production companies amid increasing concerns over local ownership of valuable resources.
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Visit: 108
Botswana president insists on bigger share of diamonds from De Beers venture
Mining News Pro - Botswana will not back down on demands for a bigger share of rough diamonds from its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, upping the stakes as talks for a new sales deal appear to be stalling.
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Visit: 147
Dubai Diamond Exchange, Sotheby’s unveil world’s largest ruby
Mining News Pro - The Dubai Multi Commodities Centre (DMCC) has hosted the unveiling of two remarkable gemstones at its Dubai Diamond Exchange (DDE).
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Visit: 155
G7 to discuss diamond trade with future Russia sanctions in mind
Mining News Pro - Leaders of the Group of Seven (G7) nations will discuss how to trace Russian diamond trade at a summit this week with the aim of imposing restrictions at a later stage, an EU official said on Thursday.
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Visit: 101
South Africans call for UK to return diamonds set in crown jewels
Mining News Pro - Some South Africans are calling for Britain to return the world’s largest diamond, known as the Star of Africa, which is set in the royal sceptre that King Charles III will hold at his coronation on Saturday.
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Visit: 115
Argyle’s last Pink Diamond
Mining News Pro - Rio Tinto has revealed the latest addition to its collection of Argyle Pink Diamonds jewellery, showcasing one of the last diamonds to be extracted from the now shuttered Argyle mine in WA.
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Visit: 147
Rare zircon samples give new clues on earth’s ancient dwellers
Mining News Pro - Geoscientists at Heidelberg University have succeeded in tracing very old and rare samples of the mineral zircon that host graphite inclusions in which light carbon is identifiable as a remnant of ancient life.
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Visit: 149
Botswana mining growth seen flat amid dim diamond outlook
Mining News Pro - Botswana expects output from its mining sector to be flat this year, as the diamond industry loses its sparkle due to a contraction in consumer spending and weaker demand for diamond jewellery, a finance ministry official said on Wednesday.
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Visit: 121
Rio Tinto to spend $40m on Diavik diamond mine expansion
Mining News Pro - Rio Tinto is going ahead with a $40 million expansion of its iconic Diavik diamond mine in the Northwest Territories of Canada, which will extend the operation’s life to at least early 2026.
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Visit: 136
Superdeep diamond reveals new info on earth’s geological processes
Mining News Pro - A recent paper published in the journal Nature points to a “superdeep” diamond recovered in Kankan, Guinea, as the messenger of new information on plate tectonics, the geological processes that give rise to mountains, oceans and continents.
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Visit: 185