De Beers Q1 Production Flat at 8.9m carats
De Beers produced 8.9m carats in Q1 of this year, exactly the same as Q1 last year, according to figures released today by parent company Anglo American.
Production was up almost 10 per cent on...
Renewed Calls for G7 Verification Point in India
India is renewing calls for its own G7 diamond verification center, in addition to Antwerp and, as of next year, Botswana.
There has been near-universal opposition within the industry to Antwerp as the sole verification...
Lucara’s Deal with HB Antwerp is Back On
Lucara's on-off deal for HB Antwerp to sell its specials from the Karowe mine, Botswana, is back on again.
The Canadian miner yesterday (18 February) announced details of a 10-year deal that is very similar...
BHP “to Increase Offer for Anglo American”
BHP is likely to increase its all-share offer for Anglo American after the UK miner rejected its $39bn bid last week.
A successful bid would almost certainly mean the sale of De Beers, which doesn't...
Lucara Forecasts Increased Revenue in 2024
Lucara is forecasting a revenue increase of at least 30 per cent next year after cutting its 2023 prediction earlier this month.
The Vancouver-based miner said it would be using it sales channels to maximize...
Buyer Sought for Stornoway Diamonds
A buyer is being sought for Canadian diamond miner Stornoway, after it filed for bankruptcy protection last month.
The company has suspended operations at Renard, the first and only diamond mine in Quebec province, and...
Petra Sells Mothballed Mine to Stargems
Stargems has acquired Petra's mothballed Koffiefontein mine, in South Africa, for a "nominal cash consideration".
The loss-making deposit, which Petra bought from De Beers in 2007, has been on care and maintenance since November 2022.
Petra...
Petra’s Fourth Tender Sees Strong Sales Growth
Petra Diamonds said its fourth tender cycle of FY 2024 demonstrated robust growth in the market, selling 428,860 carats for $47.8 million, marking a 4.0% increase in like-for-like prices compared to Tender 3 FY...
208-carat diamond is the most recent discovery at the Lulo mine
A 208-carat diamond was found in the Lulo mine, located in the province of Lunda Norte. According to the company Lucapa Diamond Company, this is the third largest diamond to be recovered in that...
NDC & Jos Alukkas Join Forces To Promote Natural Diamonds
The Natural Diamond Council (NDC) and jewellery retailer Jos Alukkas have announced a strategic partnership to elevate the natural diamond industry. This collaboration aims to enhance consumer awareness, promote transparency, and drive demand for...
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