De Beers is moving its auctions headquarters from Singapore to Botswana in a move designed to streamline its operations and cut costs. The UK-based miner sells around 10 per cent of its rough, by value, via online auctions to almost 1,000 registered buyers. The other 90 per cent is sold to sightholders. In a statement […]
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]]>Sergey Ivanov is to step down early as CEO of Alrosa, Russia’s state-controlled diamond miner, according to media reports. He will reportedly join the private investment firm Volga Group, owned by Gennady Nikolayevich Timchenko, a billionaire and long-time friend and ally of Russia’s president Vladimir Putin. Mr Ivanov was appointed as Alrosa’s youngest ever boss […]
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]]>Canadian diamond miner Lucara Diamond Corp informed that its mining licence for Karowe was renewed by the Botswana’s Ministry of Mineral Resources, Green Technology and Energy Security for a period of 25 years. The renewal is effective 4th January, 2021, securing Lucara’s mining rights to 2046 and marking a critical step in the formal sanction […]
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]]>ALROSA ranked second in the top 50 best employers in Russia rating by the Forbes magazine, moving from number 7 in the last year ranking. This year’s rating of Russia’s best employers is Forbes’ second. In 2020, in addition to working conditions and corporate social and environmental policies the final score factors in expert opinion. […]
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]]>Demand and prices for the wider market have fallen as concerns mount about the world economy, and laboratory-grown gems have added to supply. Colored or particularly large diamonds, however, have held value, especially pink diamonds, 90% of which are produced by Argyle. That mine, the world’s biggest in carat terms, is expected to cease production […]
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]]>Namdeb Holdings Limited, a joint venture between the Namibian Government and Anglo American’s diamond unit De Beers Group, said on Thursday that it has sold Elizabeth Bay Mine and its associated marine assets as a going concern to Lewcor, a 100% Namibian-owned consortium. Namdeb, which unsuccessfully explored a variety of options to extend the life […]
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]]>Junior diamond miner Lucapa reported that its latest sales of diamonds from the Lulo alluvial mine in Angola and the Mothae kimberlite mine in Lesotho has taken total sales from both mines to US$35.5 million for the year to date. In its latest sale, Lucapa had sold a run of mine parcel of 3,558 carats […]
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