Diamond miner De Beers sold $630-million of rough diamonds in its sixth sales cycle for this year. CE Bruce Cleaver says the company continued to see steady demand for its rough diamonds, following “a period of consistently robust demand in the first half” of this year.
Mining & Exploration
Letšeng does it again: Gem Diamonds has announced the recovery of a high-quality 114-carat white Type I diamond from its 70%-owned Letšeng mine in Lesotho, IDEX Online reports. This is the fourth diamond of 100+ carats recovered from the Letšeng mine in recent weeks. On June 11, Gem Diamonds
Botswana and De Beers are working out the “finer” details of a new diamond-sales pact and the southern African nation’s government is confident a deal will be struck, President Mokgweetsi Masisi said. An initial ten-year agreement governing terms for the sale of diamonds produced by Debswana Diamond Co — a joint venture
De Beers’ rough diamond production fell 4% to 7.9-million carats in the second quarter of the year, “primarily owing to the treatment of lower-grade ore at operations in both Canada and Botswana,” Mining Weekly reports. Production guidance for 2022 increased to 32-34 million carats, from 30-million to 33-million carats.
India Bore Diamond Holdings (IBDH) and Burgundy Diamond Mines, the new owners of the Ellendale mine, have unearthed “good quality diamonds,” including fancy yellow diamonds up to 0.663 carats, in the Australian mine. The average size, according to the report quoted by IDEX Online, was 0.41 carats, The diamonds
London-listed Petra Diamonds’ sixth tender for the 2022 financial year earned it $93-million in revenue from the sale of 569 496 ct of diamonds. “The Tender 6 results conclude a strong year for Petra’s diamond sales both in terms of pricing and the demand we have seen. The significant interest shown at Tender
