Russian diamond miner Alrosa has announced the sale of its shares in two Angolan diamond mines to Maaden International Investment, a subsidiary of Mercury Investments International, a state-owned company owned by the Government of Oman. The move comes in response to G7 sanctions, according to IDEX Online.   Angola’s Minister

Russian mining giant Alrosa is considering reducing production at its less profitable diamond deposits next year due to the challenges currently facing the diamond industry, said the company’s CEO, Pavel Marinychev, in an interview with Russian television, as reported by the Rough & Polished.   “The industry is currently experiencing

De Beers has upheld its 2024 production guidance, targeting 23 to 26 million carats, as the midstream continues to manage elevated inventory levels and recovery timelines remain extended, according to IDEX Online.   The company, 85% owned by Anglo American, reduced its rough diamond output in Q3 by 25% to

Anglo American CEO Duncan Wanblad has ruled out any “flip-flop” on plans to sell its 85% stake in Diamond company De Beers, asserting that the diamond miner no longer fits within its portfolio, reports Rough & Polished.   Wanblad, speaking at the Financial Times Mining Summit in London, cited low

Gem Diamonds has discovered an enormous 212.91-carat Type II white diamond at the Letšeng mine in Lesotho. This is the second diamond over 100 carats that Gem has unearthed recently, following the discovery of a 126.21-carat Type II diamond on September 6.   Since the beginning of the year, Gem

Lucara Diamond Corporation has announced the discovery of a remarkable 1,094-carat diamond at its Karowe Diamond Mine in Botswana. This marks the company’s second major find in recent weeks, following the recovery of a 2,492-carat diamond from the same mine less than a month ago – the second-largest diamond ever