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Tag: Dubai Diamond Trading

De Beers sponsors newly launched jewellery showcase at Montecasino

Diamond miner De Beers has partnered with the Jewellery Council of South Africa to serve as the main headline sponsor of this year’s ShopJewellex, a newly launched retail-consumer jewellery showcase to be held at Montecasino over the Black Friday weekend. ShopJewellex will showcase the latest collections, designs and jewellery trends
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Petra reports 6% y/y rise in second yearly diamond tender sales

Diamond miner Petra Diamonds sold 447 276 ct of diamonds for $61.3-million during its second tender for the 2023 financial year. Sales were up 6% year-on-year as a result of the final closure date of the tender being extended owing to unusual market conditions with some build up in inventory
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South Africa’s crime crisis ruling out economic growth, sustainability discussion hears

South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second
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Mountain Province makes new kimberlite discovery

Canadian mining company Mountain Province has discovered a new kimberlite as part of its Kennady North exploration programme, which focuses on the claims and leases surrounding the Gahcho Kue diamond mine, in the Northwest Territories. The new KE kimberlite is a distinct occurrence that is located about 450 m east
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Diamcor records $1m in net income in its second fiscal quarter

Diamond miner Diamcor Mining tendered and sold 3 776.33 ct of rough diamonds in the quarter ended September 30 – the second quarter of its 2023 financial year. The diamond sales generated revenue of $2.1-million, resulting in an average price of $556.08 /ct. This performance was positively impact by the
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Brownfields, byproducts and tailings are South Africa’s biggest growth opportunity

Mining stakeholders ought to do more to capitalise on existing resources, such as available geological and mining data, Orion Minerals CEO Errol Smart noted at the 2022 Council for Geoscience Summit, on Wednesday. He explained that he felt that brownfield exploration, based historical data supplemented by new research using newer
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