The kimberlite cluster is located around 110km north-east of a Finsch diamond mine. Diamond mining company Botswana Diamonds has secured a five-year prospecting licence on ground containing the Reivilo cluster of kimberlites in Barkley West, South Africa. The kimberlite cluster is located around 110km north-east of a Finsch diamond mine owned by Petra Diamonds. According to an … Read more
The current shortfall in rough production will likely continue for up to a decade, while both demand and prices will remain strong, according to Bain & Company. Output fell 20% to 111 million carats in 2020 as the coronavirus pandemic forced companies to shut deposits, Bain said Monday in “The Global Diamond Industry 2021-22,” the … Read more
Lucara Diamond Corp. is pleased to announce the recovery of a 1,174.76 carat diamond from its 100% owned Karowe Diamond Mine located in Botswana. The diamond, measuring 77x55x33mm, is described as a clivage gem of variable quality with significant domains of high-quality white gem material, and was recovered from direct milling of ore sourced from … Read more
The positive sentiment the diamond market experienced during the past few months was a welcome change from the gloomy tone that characterized 2020. Buoyed by holiday sales that proved better than expected, the trade gained the confidence to buy again, even with activity limited mostly to online platforms. For the first time in many years, … Read more
The Namibia Desert Diamonds General Manager of Sales and Marketing, Lelly Usiku, said the threat of synthetic diamonds has brought about an opportunity in the diamond industry to focus on the traceability of the precious stones to verify diamond origins from the mines to jewellery. Usiku expressed these sentiments during a panel discussion on the … Read more
Southstone Minerals Ltd. [SML-TSXV] provided a production and operational update for December 1, 2019, to February 28, 2020 (Q2 2020), and March 1 to May 31, 2020 (Q3 2020), on its project portfolio in South Africa. The Oena Project consists of one New Order Mining Lease located in the Northern Cape Province, South Africa. Oena … Read more
Belgium’s diamond trade slowed in June, with polished exports down 44% year on year to $469 million, according to data from the Antwerp World Diamond Centre (AWDC). However, the rate of decline eased following heavier drops in April and May, when the global industry shut due to the coronavirus. US orders rose 4% to $173 … Read more
Canada’s Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would pave the way to eventually restart its idled Ekati mine in Canada’s Northwest Territories. The company, which owns and operates the iconic Ekati diamond mine and also has a 40% interest in … Read more
The Zimbabwe Consolidated Diamond Mining Company (ZCDC) failed to meet its 2019 target of 3 million carats, but officials are buoyant fortunes will turn around as the firm has consolidated its investments in exploration, mining and processing to improve output this year. Speaking durng a media tour of Chiadzwa diamond fields on Friday last week, … Read more
BlueRock Diamonds has announced that it operated profitably for the first time in the second half of 2019. The miner started operations in 2012. The AIM-listed diamond producer, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa said its revenue was up 190 percent to £4.1 million ($5.4 million) … Read more