Following a competitive tender process, Petra Diamonds Limited announces that the Letlapa Tala Collection of five blue diamonds, weighing 85.6 carats in total, was sold as a suite of stones to a partnership between De Beers and Diacore for a total price of US$40.36 million, payable in cash prior to
Rough Diamonds
Lucara Diamond Corp. is pleased to announce the recovery of an unbroken 998 carat high white clivage diamond from its 100% owned Karowe Diamond Mine located in Botswana. The diamond, measuring 67x49x45mm, was recovered from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe, and follows
After 37 years of operations and having exhausted its economic reserves, the iconic Argyle diamond mine in the remote east Kimberley region of Western Australia has celebrated its final day of mining. Arnaud Soirat, Rio Tinto’s chief executive of Copper & Diamonds said “Fifty years ago there were very few
After 37 years of operations and having exhausted its economic reserves, the iconic Argyle mine in the remote east Kimberley region of Western Australia has celebrated its final day of mining. Arnaud Soirat, Rio Tinto’s chief executive of Copper & Diamonds said “Fifty years ago there were very few people
In my previous article, I mentioned that a well-respected diamantaire from the industry asked me a question about the term Illusion. The same gentleman read my article, and has suggested that I research and write another article. The topic is the Lemons Problem and how we can relate it to
Throughout my career in the Rough Diamond Industry, I have heard the term ‘illusion’ from almost every buyer, seller, manufacturer, and trader. No matter how experienced and business savvy they are, the term ‘there is an illusion in the rough diamonds’ has been coined as common in the business, and
