Diamond miner De Beers CEO Bruce Cleaver says positive consumer demand for diamond jewellery is supporting the continuation of retail orders for polished diamonds from the diamond industry’s midstream sector. This, in turn, also supported steady demand for De Beers rough diamonds during De Beers’ tenth and final sales cycle of the
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The Gahcho Kué diamond mine in Canada’s Northwest Territories has delivered its largest-ever diamond– a 157.4 ct gem of exceptional quality, offering a morale boost for operator Mountain Province in a year that has been tough for diamond miners. The recovery shows that the mine, although a high-volume producer of
The prolific Lulo mine in Angola has procused yet another +100-carat diamond – its 16th since commercial operations began there five years ago, and the third +100 carat diamond recovered in 2020. The 127-carat white gem-quality diamond was recovered from the leziria (flood plain) area in Mining Block 24
De Beers raised diamond prices for the first time since the outbreak of global pandemic, signaling growing confidence in a rebound for the struggling industry. Prices increased by about 2% to 3% at the diamond giant’s final sale of the year last week, according to people familiar with the situation
Diamond miner De Beers said on Tuesday it had extended a ten-year sales agreement with Botswana by a year due to logistical challenges caused by the coronavirus pandemic, allowing the two sides more time to negotiate. The Anglo American unit, which is 15% owned by the government of Botswana, saw
Canadian-based company Dominion Diamond Mines will sell its Ekati diamond mine in Canada’s Northwest Territories to two investment capital companies “following the collapse of a rescue deal in October”, IDEX Online reports. Credit: Dominion Diamond Corporation The miner filed for insolvency in April. Ekati is being bought by
