News – Page 25

Gahcho Kué diamond mine surpasses spend threshold with NWT and Indigenous businesses

Gahcho Kué diamond mine

Lucapa Offloads Mothae Diamond Mine

Lucapa today (25 June) announced the sale of its 70 per cent stake in the Mothae mine, in Lesotho, to a local contractor for a nominal sum. The Australian miner said it wanted to to focus on its core assets in Africa, where it has a 40 per cent stake in the Lulo alluvial mine, … Read more

Mystery of jeweller Vashi’s vanishing diamonds and Middle East investors who lost millions

Russia Seeks New Markets as “Illegal Unilateral Restrictions” Bite

Russia is seeking to strengthen ties with Brazil, India, China, and South Africa and other BRICS countries in response to tighter sanctions on diamonds from the G7 and EU. Setting an agenda for “equal and fair interaction between the parties involved in all segments of the global diamond trade” was the focus of a roundtable … Read more

Another Month of Decline for India’s Diamond Exports

US Jewelers Warn Congress over Sanctions

Why lab-grown diamond success could end up helping natural diamonds – Paul Zimnisky

Declining profits for lab grown diamonds could push retailers into a natural diamond pivot, said Paul Zimnisky, an independent diamond industry analyst. Last week Zimnisky spoke to Kitco Mining. The diamond market has been in a tough spot due to declining sales. In September Petra Diamonds reported full-year revenue declined 44%. In February Lucara Diamond … Read more