Canadian mining company Lucara reports the discovery of a massive 2,492-carat diamond at the Karowe Mine in Botswana – the second largest diamond ever found.   In a statement released yesterday (August 21), Lucara expressed its excitement over the remarkable find.   The enormous diamond is the largest discovered in

De Beers is set to announce another reduction in its 2024 production forecast due to deteriorating market conditions, particularly in China, IDEX Online reports.   Duncan Wanblad, CEO of De Beers’ parent company Anglo American, stated that his team is “actively assessing options with our partners to further reduce production

The global value of rough diamonds mined in 2023 dropped by over 20%, from $16 billion in 2022 to $12.7 billion, according to the latest Kimberley Process (KP) figures as quoted by IDEX Online.   Year-to-year, the volume of diamonds mined decreased by 7.6% to 111.5 million carats, with the

Gem Diamonds has recovered its eighth diamond over 100 carats this year from its Letseng mine in Lesotho. This marks a significant turnaround for the UK-based company, which only recovered five such diamonds in all of 2023.   The latest find is a 123.20-carat Type II white diamond, discovered on

In 2023, Russia’s diamond exports decreased by 12% to 32.4 million carats compared to 2022, according to a Kimberley Process (KP) report quoted by Rough & Polished. The value of Russia’s rough diamond exports also fell to $3.7 billion from $3.87 billion. Diamond production in Russia declined by 11% to

Gem Diamonds has unearthed two diamonds over 100 carats within a week from its Letseng mine in Lesotho, IDEX Online reports.   The latest find, a 172.06-carat Type II white diamond, marks the seventh diamond over 100 carats recovered this year, up from five in all of 2023. On May