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Tag: rough diamonds

Lucapa Recovers Its 15th 100 Carat Plus Diamond At Lulo

The 171 carat gem-quality white stone is the 15th +100 carat diamond recovered to date from the Lulo mine in Angola and the 2nd +100 carat diamond recovered for 2020. It is also the 4th largest diamond recovered to date since activities began at Lulo. This 171 carat white diamond
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Weak diamond prices push Lucara to first-quarter loss

TSX-listed Lucara Diamond Corporation has posted a net loss of $3.2-million, or $0.01 a share, for the quarter ended March 31. This compares with a net income of $7.4-million and earnings a share of $0.02 apiece reported for the quarter ended March 31, 2019.
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Free access to diamond course during Covid-19

In response to the Covid-19 pandemic, De Beers Group Institute of Diamonds, the diamond mining company’s education and training entity, is providing free access to its Diamond Foundation Course. The decision was taken to offer support and “play a small part” in helping those who are working from home or
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Judgment reserved at Mining Charter review hearing

A full bench has heard the application for a judicial review of certain aspects of the Mining Charter gazetted in September 2018. Judge President Mlambo, judges Vally and  Van Der Schyff reserved judgment on the application lodged by the Minerals Council South Africa on March 27, 2019, when the 180-day
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Alrosa suspends production at two operations

Russian diamond major Alrosa on Tuesday announced that it would temporarily suspend mining works at two operations, citing a decrease in demand and sales as major economics are struggling amid the Covid-19 pandemic. Mining will cease at the Aikhal underground mine will cease from May 15 to September 30 and
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Young Diamantaires platform launched

The World Federation of Diamond Bourses (WFDB) has launched its Young Diamantaires website at www.ydts.org. The website has been built by WFDB members for use by the members, and the federation plans on expanding its functionality.
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