Diamonds, pearls and other jewelry valued at $177m have been seized by Indian officials investigating fugitive billionaire Nirav Modi and his uncle Mehul Choksi. Last week a court-approved the confiscation of assets for the first time since the Fugitive Economic Offenders Act came in to force two years ago. A total of 108 packages allegedly […]
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]]>Diamond explorer Botswana Diamonds PLC has announced the recovery of the first diamonds from diamond-bearing gravels and unprocessed stockpiles surrounding the Marsfontein Mine. The stockpiles are believed to contain commercial-grade diamonds. “I am delighted with the rapid progress the team has made on-site and it is noteworthy that the first diamonds were recovered within two […]
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]]>The leading daily The Namibian reported that Namibia’s Central Procurement Board (CPB) has awarded an N$300 million [US$21 million] contract to Gem Diamonds Namibia to evaluate Namdeb’s diamonds over the next five years. While it is the country’s Ministry of Mining’s task to hire an independent diamond valuator to ensure that diamonds sold by Namdeb, […]
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]]>Petra Diamonds published a report for the first quarter of the year. The company produced 924,228 carats, compared to 992,315 carats in the first quarter of 2018, reflecting the increased production at the Cullinan, Koffiefontein and Williamson mines, but offset by lower production at the Finsch mine. With the expansion of operations at the Cullinan […]
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]]>De Beers Group announced yesterday it would start providing enhanced transparency regarding diamonds purchased from its Sight sales by introducing a “diamonds from DTC” (DTC = Diamond Trading Company) source of origin claim. Diamonds from the DTC come from mines and recovery areas in Botswana, Canada, Namibia and South Africa. The idea is to support […]
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]]>Botswana Diamond’s Interim Statement and Financial Results for the six months ended December 31, 2018, shows that the Company is gearing up to commence production at the Thorny River project in South Africa by mid-2019. “The development of the Thorny River diamond dyke project is underway,” the Company said. “A mining contractor has been appointed. […]
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]]>ALROSA, a global leader in diamond mining, held an auction in Vladivostok for special size rough diamonds (over 10.8 carats). The overall revenue amounted to $9.1 mln. The company sold 125 rough diamonds with total weight of 2,090 carats; 24 firms from the largest centers of diamond trade were recognized as winners in different auction […]
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]]>The Gahcho Kué diamond mine, a joint venture between De Beers Canada and Mountain Province Diamonds is selling an exceptional, 60-carat yellow rough diamond in a sealed bid tender. Reid Mackie, adviser on behalf of Mountain Province, said that this is one of the most exciting stones to have been extracted from the mine since […]
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]]>Bonas-Couzyn NV and International Mining and Dredging Holdings (Pty) Ltd (IMDH) announced that from February they will be offering IMDH’s Namibian marine-mined rough diamonds for sale in Bonas-Couzyn’s Antwerp offices. IMDH is involved in offshore exploration, dredging and marine mining as well as specialized vessel & tool design. Its Namibian subsidiary, Nutam Operations (Pty) Ltd […]
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]]>Rio Tinto posted overall, positive results for the Group for its performance in the first half of 2018 (H1 2018). J-S Jacques, Chief Executive of Rio Tinto said “We have reported another strong set of results with underlying EBITDA of $ 9.2 billion and operating cash flow of $ 5.2 billion. In a favourable market […]
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