Tag: DMCC

Alrosa suspends production at two operations

Russian diamond major Alrosa on Tuesday announced that it would temporarily suspend mining works at two operations, citing a decrease in demand and sales as major economics are struggling amid the Covid-19 pandemic. Mining will cease at the Aikhal underground mine will cease from May 15 to September 30 and
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Alrosa Halts “Almost All” Diamond Production and Cutting

In an interview he gave recently to the RBC TV Channel, quoted by Rough & Polished, Alrosa’s CEO Sergey Ivanov said that the company has suspended the work of its diamond cutting operations until the end of the summer, as well as almost all of its mining operations.   Credit:
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Young Diamantaires platform launched

The World Federation of Diamond Bourses (WFDB) has launched its Young Diamantaires website at www.ydts.org. The website has been built by WFDB members for use by the members, and the federation plans on expanding its functionality.
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Rio Tinto invests $10m in Canada and US efforts to fight pandemic

Diversified mining company Rio Tinto is investing $10-million in a variety of grassroots projects across Canada and the US to support local community efforts to fight Covid-19. The group’s investment is targeted at practical solutions like funding the food banks or counselling and support services that are helping frontline response
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Lucapa To Start Production Again At Lulo Diamond Mine

Lucapa Diamond Company Limited and its partners Empresa Nacional de Diamantes E.P. (“Endiama”) and Rosas & Petalas are pleased to announce the re-commencement of scaled mining operations at the Lulo alluvial diamond mine in Angola.  Mining had been shut down due to COVID-19.  Lulo will resume mining and treatment operations
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COVID-19 restrictions temporarily halt fancy color diamond trade

Due to the COVID-19 pandemic, for the first time since its inception in 2015, the Fancy Color Research Foundation (FCRF) will not publish the Fancy Color Diamond Index (FCDI) for Q1 2020.   Credit: Rio Tinto The FCRF had concluded the quarterly data collection process from its data suppliers and
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