Tag: DMCC

Coronavirus Effect: De Beers Cuts Its Production Guidance for 2020

In response to the impact of coronavirus on mining operations, wholesale trading activity and consumer traffic in key consumer markets, De Beers has cut its 2020 production guidance, Rough & Polished reports.   The giant diamond miner has reduced production guidance from 32-34 million carats to 25-27 million carats in
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Lucapa Raising Capital

The Lucapa Diamond Company is raising capital  to advance the search for the primary kimberlite sources of the high-value Lulo alluvial diamonds, preserve mining assets suspended as a result of the COVID-19 pandemic and for general working capital purposes. 1 for 5 rights issue at $0.05 per share, with one
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Lucara First Quarter 2020 Results To Be Released May 7th

April 23, 2020 Vancouver, British Columbia (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. (“Lucara” or the “Company”) announces that it will be publishing its 2020 First Quarter Results on Thursday, May 7, 2020, after market close in North America. The Company will host a
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AGD Diamonds finds “Unique” 50.36-Carat Diamond at Grib Mine

AGD Diamonds has announced that it found a “unique gem-quality diamond weighing 50.36 carats” at its Grib Mining and Processing Division in Russia on April 13, Rough & Polished reports.   Credit: AGD Diamonds   According to the company, its innovative use of “highly environmentally friendly technologies to dress kimberlite
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Hundreds of diamond traders come together during COVID-19

A large group of international diamond manufacturers and traders have come together in search of an independent, transparent, innovative third party operated polished diamond trading and buying platform, for diamond traders and retail jewelers worldwide. The initiative was born on March 20, 2020, immediately after the Rapaport Group (RG), which
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Lulo Mine Reserves Jump by 25%, Estimated Price Per Carat Soars

Lucapa Diamond Company has revised its estimated diamond reserves at the Lulo mine in Angola, reporting that they are higher by 25% than previously thought.   Credit: Lucapa   According to IDEX Online, “independent consultants have assessed in-situ resources as 100,700 carats, more than five times the 2019 output of
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