Tag: dubai diamond exchange

South Africa: Diamcor Finds 45.15-Carat Stone at Venetia

Diamcor Mining has recovered a 45.15-carat rough diamond at its Krone-Endora at Venetia project in South Africa, according to a report in Mining Weekly. In mid-February, Diamcor unearthed a 72.53 carat gem-quality stone at the same mine.   According to Diamcor, the recovery of the two large stones, “along with
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This Year’s Trending Engagement Ring Styles

Every year, there are new styles and trends in the world of jewelry. Among engagement rings alone, everything from the style of band to the types of stones used can be different from one year to the next. This time last year, we saw an unwavering demand for simple, oval solitaire engagement rings. While the yellow gold solitaire engagement ring is still the most popular style, we have started to see other styles begin to rise in popularity as well.

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South Africa: Marsfontein to Produce Its First Diamonds in March

Botswana Diamonds has announced that it expects “the first recoveries of diamonds” at its Marsfontein mine in South Africa this month, Rough & Polished reports.    The alluvial and dump mine, which was initially expected to produce diamonds in February, has seen the excavation of about 1,500 tonnes of alluvial
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Botswana’s Finance Ministry: Diamond Production to Remain Flat in 2023

A senior policy advisor in Botswana’s Finance Ministry has stated that his country expects its diamond production to remain flat in 2023 “due to a contraction in consumer spending and weaker demand for diamond jewelry,” Mining Weekly reports.   While overall mining output rose by 8.2% in 2022,  gains in
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Majhgawan-Panna, India’s Only Mine, to Resume Operations

Majhgawan-Panna, India’s only diamond mine which was shot down at the end of 2020, will resume production in July 2023 “with a forecast output of up to 84,000 carats a year,” IDEX Online reports.   Majhgawan-Panna, located near the town of Panna in Madhya Pradesh, was closed after environmental clearances
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Canada: Rio Tinto to Invest $40 Million to Extend Diavik’s Life-of-Mine

Rio Tinto has extended the life-of-mine life at its Diavik diamond mine in the Northwest Territories of Canada. According to Mining Weekly, Rio Tinto has announced a “$40-million investment in the first phase of underground mining below the existing A21 open pit.”   Sinead Kaufman, Chief Executive Minerals at Rio
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