The Botswana government said there was no guarantee that it would be able to renew a new 10-year sales agreement with De Beers before the end of December, when the current one expires, as the coronavirus pandemic has delayed negotiations. “The ideal situation would be to end the talks by
Mining & Exploration
Russian diamond miner Alrosa has sold 132 lots, weighing more than 1 700 ct during its digital auction in August. As part of the auction, clients were able to view and evaluate 2 300 ct of rough diamonds across 172 lots.
De Beers has finally decided to cut the price of its diamonds in a bid to spark sales after the coronavirus pandemic paralyzed the industry. De Beers, the world’s biggest producer, told customers that it is cutting prices for larger stones by almost 10% at its sale starting this week,
London-listed Gem Diamonds has recovered a high-quality 442 ct Type II diamond from its Letšeng mine, in Lesotho. CEO Clifford Elphick says the recovery of the 442 ct diamond “is further confirmation of the calibre of the Letšeng mine and its ability to consistently produce large, high-quality diamonds”. A portion
Almazy Anabara, a part of the Alrosa Group, has unearthed a 236-carat rough diamond of “intense yellow-brown color” at the Ebelyakh mine in Yakutia, Russia. According to a press release, the huge rock “is the largest natural color rough diamond ever found in Russia”. Credit: Alrosa The diamond’s
The mining and metals industry has fared “quite well” during the second quarter, despite the challenging landscape brought on by the Covid-19 pandemic, says professional services firm EY Canada mining and metals co-leader Jeff Swinoga. “This is not the first time this sector has had to face adversity,” he said
