Indian Farmer’s Diamond Sells for $111,000 at Auction
A stunning 19.22-carat diamond, discovered by a part-time miner in India’s Panna district, recently sold for an impressive $111,000 (Rs. 93,79,360) during a organized auction.
This exceptional gemstone was the highlight of an auction where...
Alrosa Predicts Rising Diamond Prices Amid Supply Constraints
Alrosa, one of the world's largest diamond miners, has forecasted an uptick in diamond prices in the months ahead, driven by rising demand and slowing supply. Sergey Takhiyev, the company’s head of corporate finance,...
Diamond Market Faces Decline Amid Slow Demand in January
The diamond industry experienced a sluggish start to 2024, with subdued holiday sales and declining prices, according to the Rapaport Group. While the US holiday season met the industry’s modest expectations, the overall market...
Petra Diamonds Finalizes Exit from Tanzania’s Williamson Mine
Petra Diamonds has officially exited the Williamson mine in Tanzania, completing the sale of its remaining stake as part of a broader strategy to navigate ongoing liquidity pressures.
The London-listed miner had already divested nearly...
Newfield Resources Eyes Strategic Partner for Sierra Leone’s Tongo Diamond Mine
Australian mining company Newfield Resources is set to bring in a new partner to manage operations at its Tongo diamond deposit in Sierra Leone. The company has signed a non-binding term sheet with fellow...
Gemfields Temporarily Suspends Kagem Mining Amid Strategic Restructuring
Gemfields Group Limited, a leading player in the colored gemstone sector, has initiated a series of cost-cutting measures to address pressing challenges affecting its operations and revenues.
The company reported that recent emerald and ruby...
Grizzly Mining Ltd. Grizzly Emerald Auction Generates US$22.4 million
Lusaka, Zambia: 10th December 2024, Grizzly Mining Limited, one of the world’s largest producers of emeralds, is pleased to announce the results of its latest international emerald auction held in Dubai in November 2024....
Work Resumes at India’s Only Diamond Mine
Work has resumed at India's only mechanized diamond mine.
It could take a year to remove soil and stone (overburden) before extraction starts at Majhgawan, in the central state of Madhya Pradesh.
But National Mineral Development...
208-carat diamond is the most recent discovery at the Lulo mine
A 208-carat diamond was found in the Lulo mine, located in the province of Lunda Norte. According to the company Lucapa Diamond Company, this is the third largest diamond to be recovered in that...
Fishers’ Legal Bid to Halt Marine Diamond Mining
Fishers are mounting a legal challenge to marine diamond operations off South Africa's west coast.
They claim rights to mine in shallow sea and along an 85km coastal strip of land were granted and subsequently...
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