Gem Diamonds announced Thursday that the company produced 29,010 carats at its Letšeng mine in Lesotho, which is 11% more than in Q1 2020 – 26,110 carats. The company’s revenue for the period was US$43.9 million Q1 2020 – US$47.3 million and an average price achieved for the period was US$1,630 per carat Q1 2020 … Read more
Lucapa Diamond Company has discovered a 114-carat white diamond from the Lulo alluvial diamond mine in Angola, Africa. The 114-carat Type IIa D-colour white diamond is the third diamond mined from Lulo’s mining block 46 (MB46) in the last eight weeks. Lucapa managing director Stephen Wetherall said block 46 was the best mined block to … Read more
DCLA gemological testing and diamond grading Hearts and Arrows, Recut analysis
A million rough diamonds seized in raids by the Indian tax authorities on the scanning firm Diyora & Bhanderi are to be returned to their owners. The company is being investigated over claims of tax evasion and the illegal sale of diamond scanning machines. Its premises in Surat were raided 10 days ago. Gems belonging … Read more
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
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
Diamond exports from India, which polishes about 90% of the world’s rough diamonds, will collapse by as much as a quarter this year as the pandemic crushes demand and breaks supply chains. Overseas sales of cut and polished diamonds may slump 20% to 25% in the year ending March from $18.66 billion last year, according … Read more
De Beers, the world’s largest diamond producer by value, said on Wednesday that its latest sale of roughs yielded 40% more revenue than the seventh cycle, which already was more successful than the previous event. The Anglo American unit, which sells diamonds to a handpicked group of about 80 buyers 10 times a year at … Read more
HB Antwerp has acquired the manufacturing facility of Belgian large-stone specialist AMC Diamonds, gaining 13 employees alongside the company’s machinery and technology. “With this acquisition, HB Antwerp confirms its ambition to bring the diamond-polishing process back to Antwerp in its entirety by combining the typical Antwerp savoir faire with the latest techniques in the field … Read more
De Beers thinks the recovery is at an early stage and that it will take some time to get back to pre-pandemic levels of demand. (Image courtesy of De Beers Group.)De Beers, the world’s largest diamond producer by value, revealed on Friday it made about three times as much in sales of roughs in the … Read more