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...
Petra’s Fourth Tender Sees Strong Sales Growth
Petra Diamonds said its fourth tender cycle of FY 2024 demonstrated robust growth in the market, selling 428,860 carats for $47.8 million, marking a 4.0% increase in like-for-like prices compared to Tender 3 FY...
Emerald Miner Reports Record Sales
Grizzly Mining says its latest emerald auction raised $48.63m, a record high since the company was founded in 1997.
The market for emeralds remains "extremely strong", it said, after a sealed-bid auction for its mid-high...
Renewed Calls for G7 Verification Point in India
India is renewing calls for its own G7 diamond verification center, in addition to Antwerp and, as of next year, Botswana.
There has been near-universal opposition within the industry to Antwerp as the sole verification...
De Beers Sells Buffels Marine Mining Right
De Beers Group reported the successful sale of the Buffels Marine Mining Right (BMMR), and associated assets, to Kleinzee Holdings Proprietary Limited (Kleinzee Holdings) as of 7th August 2023. The BMMR was De Beers’...
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...
De Beers Rough Production Down 15%
De Beers reported a 15 per cent drop in its global diamond production in Q2, as demand remained weak for yet another quarter.
The H1 figure (16.5m carats) is down 19 per cent on the...
Diavik, the Solar-Powered Diamond Mine
Rio Tinto has installed Canada's largest off-grid solar power plant at its Diavik diamond mine on the edge of Arctic Circle.
It will provide up to a quarter of the electricity needed for production until...
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...
Lucara’s Deal with HB Antwerp is Back On
Lucara's on-off deal for HB Antwerp to sell its specials from the Karowe mine, Botswana, is back on again.
The Canadian miner yesterday (18 February) announced details of a 10-year deal that is very similar...
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