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Tag: Israeli Diamonds

Angola: Huge Catoca Diamond Mine Slashes Production for 2020

The Catoca mine in Angola, the world’s fourth largest diamond mine, has cut its production 2020 guidance by 80%, IDEX Online reports.   Credit: Lucapa   The state-owned miner Endiama, which operates the mine together with Alrosa, has revised its output to 2 million this year, instead of the 10
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First 10 Appointments Made to the Board of Directors of Get Diamonds

The World Federation of the Diamond Bourses (WFDB) has announced that the Ownership Committee of Get Diamonds has decided that the Board of Directors of the Get Diamond Subsidiary, to be formed shortly, will comprise of 12 members: five representatives of major bourses, five diamond dealers from various countries 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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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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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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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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