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Tag: Mining

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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Lulo Mine Reserves Jump by 25%, Estimated Price Per Carat Soars

Lucapa Diamond Company has revised its estimated diamond reserves at the Lulo mine in Angola, reporting that they are higher by 25% than previously thought.   Credit: Lucapa   According to IDEX Online, “independent consultants have assessed in-situ resources as 100,700 carats, more than five times the 2019 output of
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Gem Diamonds Finds Huge 114-Carat Diamond at Letšeng

More good news from the Letšeng mine in Lesotho: Gem Diamonds has announced the recovery of a high-quality white diamond weighing 114 carats – the second diamond bigger than 100 carats it has found this year.   Credit: Gem Diamonds   In February, Gem Diamonds recovered an exceptional 183 carat
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Alrosa Finds First-Ever Colored Diamond at the Verkhne-Munskoye Deposit

Russian mining giant Alrosa has unearthed its first colored rough diamond at the new Verkhne-Munskoye deposit in Yakutia. The deposit started operations in 2018.   Credit: Alrosa   The stone is a bright yellow gem-quality diamond weighing 17.44 carats, recovered in mid-February from the Zapolyarnaya kimberlite pipe. In a press
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Angola: Lucapa Finds Rare Type IIa Gems and Fancy Yellow Diamonds at Lulo

Lucapa Diamond has published the results from the search for the hard-rock source of the diamonds within the Lulo diamond field in Angola, announcing it has found 45 diamonds weighing 30.3 carats – some of which are Fancy and rare.   Credit: Lucapa   According to a press release, the
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