391-ct Diamond Recovered in Sierra Leone
A huge 391.45-carat Type IIa diamond has been recovered at the Meya Mine, in Sierra Leone.
Mining bosses are delighted with the stone, the second biggest in the deposit's history.
But were disappointed to discover it...
Lucapa Recovers Sixth Biggest Diamond at Lulo
Lucapa has recovered a 195-carat Type IIa diamond from its Lulo alluvial mine, in Angola.
It's the fourth +100-carat diamond to be recovered at Lulo this year and he 44th since the Australian miner started...
Buyer Sought for Stornoway Diamonds
A buyer is being sought for Canadian diamond miner Stornoway, after it filed for bankruptcy protection last month.
The company has suspended operations at Renard, the first and only diamond mine in Quebec province, and...
Rare Beetle Found at Orapa Diamond Mine
A rare species of beetle, dating back 90 million years, has been found at Orapa, the world's biggest diamond mine, in Botswana, shedding light on the evolutionary history of beetles.
The Paleothius mckayi is a...
Alrosa CEO Pavel Marinychev Named In Latest U.S. Sanctions
In an effort to curb Russia’s ongoing military actions in Ukraine, the United States has imposed additional sanctions on individuals and entities associated with Russia’s military capabilities, energy projects, and financial activities. Russian diamond...
De Beers Sees 22% Dip in H1 Revenue to $2.8 Billion
Diamond mining major De Beers reported a decline in revenues in the first half of 2023, amidst the ongoing macro-economic headwinds and a substantial inventory build-up in the midstream.
The company’s total revenue for 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...
De Beers: After Botswana Deal, Namibia Could Seek Bigger Share
The government of Namibia could seek an increased share in its sales agreement with De Beers, after the mining giant agreed a phased move to a 50/50 split with Botswana.
Namdia, the state-owned diamond company...
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...
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...
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