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...
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...
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...
Lucara Forecasts Increased Revenue in 2024
Lucara is forecasting a revenue increase of at least 30 per cent next year after cutting its 2023 prediction earlier this month.
The Vancouver-based miner said it would be using it sales channels to maximize...
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...
Lucapa Resumes Search for Lulo Kimberlites
Lucapa says it has resumed its search for the kimberlite sources of diamonds currently being recovered at its Lulo mine, in Angola.
The Australian miner says the exploration program is in full flow again after...
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....
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...
De Beers Q1 Production Flat at 8.9m carats
De Beers produced 8.9m carats in Q1 of this year, exactly the same as Q1 last year, according to figures released today by parent company Anglo American.
Production was up almost 10 per cent on...
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...
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SEBI Alleges Massive Revenue Misstatement at Rajesh Exports, Orders Enhanced Financial Disclosures
India’s capital markets regulator has launched a major enforcement action against gold exporter and refiner Rajesh Exports Ltd., alleging significant discrepancies in the company’s...
BIS Advances Plans for Phased Introduction of Mandatory Silver Hallmarking in India
India is moving closer to the introduction of mandatory silver hallmarking as the Bureau of Indian Standards (BIS) evaluates the infrastructure, testing capacity, and...
Titan Expands Lab-Grown Diamond Portfolio with Launch of New Jewellery Brand ‘BeYon’
Titan Company Limited has strengthened its presence in the rapidly growing lab-grown diamond segment with the launch of BeYon, a new jewellery brand designed...
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