The panic that gripped the diamond world this year is starting to unwind as sanctioned Russian mining giant Alrosa has quietly revived exports to near pre-war levels. Alrosa accounts for about a third of global rough-diamond supply, and the $80-billion industry was thrown into turmoil as cutters, polishers and traders
Mining & Exploration
India, which cuts or polishes about 90% of the diamonds sold in the world, is ramping up sales of laboratory-made gems as demand from the US surges and they become more accepted in other markets. Exports of polished lab-grown diamonds may double in the current financial year started April 1
A call for funding applications to be submitted for the development of the hydrogen economy is made in an advertisement placed today by South Africa’s Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation (DSI). The call is for funding applications to be submitted for the
The actual melting of Greenland is creating an opportunity for investors and mining companies “who are searching for a trove of critical minerals capable of powering the green energy transition,” according to a piece in CNN quoted by Rough & Polished. Jeff Bezos, Michael Bloomberg, Bill Gates and other
London-listed Gem Diamonds recovered 55 157 ct of diamonds in the six months ended June 30, compared with the 56 504 ct recovered in the prior half-year period. Diamond sales of 57 075 ct were, however, higher than the 54 573 ct sold in the prior comparable period.
Lucapa Diamond has found a rare 170-carat pink Type IIa diamond at its 40%-owned Lulo mine in Angola. According to Rough & Polished, the rare gem, dubbed “The Lulo Rose”, is “believed to be the largest pink diamond recovered in the last 300 years.” The stone is the fifth
