The De Beers Blue diamond has been auctioned for HK$450.9-million ($57.5-million) at Sotheby’s in Hong Kong. The 15.1 ct, fancy vivid blue diamond was sold Wednesday evening to an unnamed buyer. The step-cut gem, recovered from the Cullinan mine in South Africa, is the largest vivid blue diamond ever to appear
Mining & Exploration
Diamond company Petra is exploring a responsible exit from its investment in the Koffiefontein diamond mining operations. The exit would be carried out together with its black economic empowerment partners Kago Diamonds and its Itumelang employee trust, the London Stock Exchange-listed company stated in a release on Tuesday.
An evaluation carried out by Botswana Diamonds has firmed up the possibility of a diamond mine being developed at the company’s Thorny River property in South Africa’s Limpopo province. The analysis indicates potential opencast options, the London-Aim and Botswana Stock Exchange-listed company said on Monday.
Diamond mining giant De Beers’ has increased its rough diamond production by 25% year-on-year to 8.9-million carats in Q1 2022. According to Mining Weekly, the rise reflects “an improved operational performance and higher planned levels of production to meet continued strong demand for rough diamonds.” Full-year production guidance remains at
Diamonds multinational De Beers Group is investing $2-million in Kelp Blue, a start-up focused on growing and managing large-scale giant kelp forests, initially off the Namibian coast. These underwater forests have the potential to safely and permanently lock away vast amounts of carbon dioxide in the ocean.
Mining services provider United Mining Services (UMS) Group is involved in a twin shaft sinking, equipping and infrastructure project for the Karowe diamond mine in Botswana. Owned by Lucara Diamond Corp, Karowe mine is one of the world’s leading producers of large, high-quality Type IIA diamonds. The company has been
