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,
Mining & Exploration
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
The broader portfolio of diversified mining and marketing company Anglo American is positioned to contribute an environmental-led new materials demand in a world that is seeing widespread investment plans in hydrogen, Anglo CEO Mark Cutifani said on Thursday. “We’ve seen the early evolution of electric vehicles and some of the
Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand. De Beers, a unit of Anglo American, earlier reported plunging earnings in the first half of
