De Beers lifted prices of smaller rough at this week’s sight, its second consecutive increase, as the industry continued to express concerns about a perceived mismatch with polished. Goods weighing less than 0.75 carats saw price hikes of around 5% at the February sale, while larger items were mostly stable, sightholders and industry insiders told … Read more
Botswana’s state-run diamond trader reported record revenue last year with sales surging almost five fold after U.S. imports recovered from a Covid-19 induced slowdown. Okavango Diamond Company sold $963 million of rough diamonds last year, said Dennis Tlaang, a company spokesman. The revenue was the most since the company began operations in 2012, he said. … Read more
Sales of rough diamonds by Debswana Diamond Company jumped 64% in 2021, statistics released by the Bank of Botswana showed on Monday, driven by the reopening of key global consumer markets. The total value of Debswana’s diamond exports stood at $3.466 billion in 2021 compared with $2.120 billion in 2020, the central bank data showed. … Read more
Lucara keeps raking in the big diamond finds, this time recovering a 62.7-carat fancy pink diamond from its Karowe mine in Botswana. It is the largest fancy pink gem to found in Botswana, according to the diamond miner, and one of the largest rough pink diamonds on record in the world. The stone has been … Read more
The diamond firm Debswana has announced the discovery in Botswana of a 1,098-carat stone that it described as the third largest of its kind in the world. The company’s acting managing director, Lynette Armstrong, presented the stone, which was found on 1 June, to the country’s president, Mokgweetsi Masisi, on Wednesday. It is the third largest in … Read more
Lucara Diamond Corp. is pleased to announce the recovery of a 470 carat top lightbrown clivage diamond from its 100% owned Karowe Diamond Mine located in Botswana. The diamond, measuring 49x42x26mm, was recovered from direct milling of ore sourced from the EM/PK(S) unit of theSouth Lobe. The 470 carat recovery forms a notable contribution to … Read more
Lucara Diamond Corp. said it has secured $220 million in financing to help take the Karowe Mine in Botswana underground and extend its life by about 20 years. Karowe is responsible for producing some of the most significant diamonds recovered in recent years, including the 1,109-carat “Lesedi La Rona,” which Graff bought for $53 million, … Read more
Botswana Diamonds has announced that eleven diamonds and abundant kimberlitic indicators were recovered from drill samples at the recently discovered River Kimberlite pipe at Thorny River in South Africa. John Teeling, Chairman, commented: “The recovery of so many kimberlitic indicators and in particular diamonds, which are very rare to recover in small sample narrow reverse … Read more
The Karowe mine has produced a 998-carat diamond, the latest in a string of large rough stones from the lucrative deposit in Botswana. Lucara Diamond Corp., which owns Karowe, will work with manufacturing partner HB Antwerp to assess how to maximize value from the rough, the miner said Wednesday. The unbroken, high-white, clivage stone — … Read more
