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.
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Visit: 40
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.
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Visit: 72
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.
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Visit: 91
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.
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Visit: 113
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.
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Visit: 70
South African billionaire Wiese returns to his diamond-hunting roots
Christo Wiese, South Africa’s billionaire retail king, is going back to the future.
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Visit: 70
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.
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Visit: 105
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.
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Visit: 110
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: 134
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: 133
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: 207
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: 116
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: 226
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: 164
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: 141
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: 159
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: 144
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: 145
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: 207
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: 229
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: 235
G-7 to chase Russia’s diamonds while stopping short of total ban
Mining News Pro - Group of Seven countries agreed to work together to track Russian diamonds, but stopped short of slapping Moscow with an outright ban on the lucrative gem trade.
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Visit: 233
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: 152
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: 172
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: 215