Lucapa Diamond Company has recovered the 16th 100 plus carat diamond from the Lulo alluvial mine in Angola, Africa. The 127 carat gem quality white stone is the third 100 plus carat diamond delivered this year. Lucapa recovered the stone from the flood plain area in Mining Block 24 the first 100 plus carat diamond … Read more
Botswana Diamonds (LON:BOD) said on Monday it had completed the acquisition of Sekaka, the exploration vehicle that belonged to embattled rival Petra Diamonds (LON:PDL) and which held three prospecting licenses in the country’s Central Kalahari Game Reserve. In one of its licenses, Sekaka had singled out the KX36 kimberlite pipe, which is situated about 70 … Read more
Global miner Rio Tinto is seeking court approval to sell its partner’s share of diamonds from a mine in Canada’s Northwest Territories, a filing showed, hoping to recover around C$120-million plus legal fees and other costs. Rio owns 60% of Diavik Diamond Mines Inc (DDMI) and says it is owed C$119.5-million plus about C$2.4-million in … Read more
The future of the Ekati diamond mine in Canada’s Northwest Territories remains uncertain after Dominion Diamond Mines announced that a deal to sell it to a subsidiary owned by its parent company, The Washington Companies, has fallen apart. Dominion Diamond reported on Oct. 9 that three insurance companies – Aviva Insurance Company of Canada, Argonaut … Read more
Star Diamond Corp announced that a total A total of 2,409 diamonds weighing 123.27 carats have to date been recovered from the second bulk sample trench (19FALCT004) excavated on its Star kimberlite at the Fort à la Corne kimberlite field in central Saskatchewan. These initial results are from the second of 10 bulk sample trenches … Read more
According to the official, synthetics will “compromise” the value of Botswana’s natural diamonds Mmetla Masire, permanent secretary at Botswana’s Ministry of Minerals, said in a Parliamentary Accounts Committee quoted by Rough & Polished that Botswana cannot engage in production and sale of synthetic diamonds as this will compromise “the value of our diamonds”. Credit: Debswana Masire said … Read more
Western Australia has reduced its diamond royalty rate by a significant 33.3 per cent, a move that has been welcomed by Gibb River Diamonds. The company’s lobbying has led to the reduction of the state diamond gross royalty rate from 7.5 per cent to 5 per cent. Gibb River stated that the royalty change was … Read more
Lucara is to sell all its larger rough diamonds through the Antwerp-based HB Group in what it describes as a “groundbreaking partnership”. The Canadian miner has a reputation for high-value type IIa diamonds at its Karowe Mine, in Botswana, and was proud to announce its discovery of the 1,758-carat Sewelo (pictured), the world’s second largest … Read more
Lucara Diamond Corp. has unearthed a 549-carat white diamond at its Karowe mine, the fourth-largest stone in the history of the Botswana deposit. The unbroken stone, which is of “exceptional purity,” is the first large diamond Lucara has recovered using its Mega Diamond Recovery (MDR) equipment, the miner said Wednesday. The unit, which the miner … Read more
Petra Diamonds 425.10 carat D Colour Rough Diamond