Past producing yellow diamonds mine in Australia set to reopen

Australia’s Gibb River Diamonds (ASX: GIB) is getting closer to restarting the mothballed Ellendale diamond mine in West Kimberley after being granted three mining leases that are key for the project.

Botswana vows to protect interests in potential BHP-Anglo deal

Botswana President Mokgweetsi Masisi vowed to protect the country’s interests, including its 15% stake in diamond giant De Beers, should BHP Group Ltd. acquire Anglo American Plc.

Karelian says Finland asset likely to hold more coloured diamonds

Irish explorer Karelian Diamond Resources (AIM: KDR) said on Tuesday its search for precious stones in Finland has taken a significant step forward after finding signs of diamond bearing kimberlite in the same area where it previously unearthed a rare, pale green diamond.

Canada’s mild winter disrupts key ice road to remote Arctic diamond mines

An unusually warm winter in Canada this year has delayed the opening of a 400-kilometer (250-mile) ice road that is rebuilt every year as the main conduit for Rio Tinto, Burgundy Mines and De Beers to access their diamond mines in the remote Arctic region.

Russia confirms deal to buy part of Alrosa’s output

Russia will regularly buy diamonds from sanctions-hit producer Alrosa through a state fund, the finance ministry said on Thursday, a move that suggests Western restrictions on Russia’s diamond exports may be having some impact.

Russian diamond ban creates costly delays, Antwerp diamond dealers say

Antwerp’s diamond dealers face long and costly delays following an EU ban on Russian-origin diamonds that took effect on March 1 and has slowed imports, they say in a letter seen by Reuters.

Debswana diamond sales down 25.1% in 2023 on weak demand

Debswana Diamond Company’s sales of rough diamonds fell 25.1% in 2023, data released by Botswana’s central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the U.S. and China and competition from lab-grown gems increased.

Alrosa’s annual net profit drops 15.2%

Russia’s sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18 billion roubles ($925 million), down 15.2% from the previous year.

Diamond producers warn of pitfalls in G7’s Russia gem ban

The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes of its ban on Russia-produced diamonds.

South African billionaire Wiese returns to his diamond-hunting roots

Christo Wiese, South Africa’s billionaire retail king, is going back to the future.

Anglo American to review assets after writedowns and profit plunge

Anglo American will review its assets after a 94% plunge in annual profit and writedowns at its diamond and nickel operations, the company said on Thursday.

Rio Tinto unit faces criminal case in Canada over injured worker

A Canadian unit of global mining company Rio Tinto is facing a criminal case after an employee was seriously injured at an Arctic diamond mine, according to an announcement by local authorities.

Plane carrying Rio Tinto workers crashes in Canada’s Northwest

Six people were killed after a small plane carrying global miner Rio Tinto’s workers crashed near Fort Smith in Canada’s remote Northwest Territories (NWT) on Tuesday, the NWT Coroner Service said on Wednesday.

Gem Diamonds and Lucara find first big stones of 2024

Africa-focused miners Gem Diamonds (LON: GEMD) and Lucara Diamond (TSX: LUC) have recovered big, high-quality Type IIa diamonds at their respective operations.

De Beers to spend $1 billion on Botswana mine expansion

Mining News Pro - De Beers, the world’s largest diamond producer by value, said on Wednesday it’s going ahead with a planned $1 billion investment to extend the life of its flagship Jwaneng mine in Botswana by moving operations underground.

India urges G7 to delay ban on Russian diamonds as rules lack clarity

Mining News Pro - India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.

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.

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.

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.

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.

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.

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.

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.

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.

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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