Tag: world diamond federation

Gem Diamonds Unearth a 233-Carat Monster Gem at Letseng

Gem Diamonds has announced the recovery of a high quality 233-carat Type II white diamond from its Letšeng mine in Lesotho.   Credit: Gem Diamonds   This recovery comes just days after Gem Diamonds recovered a high quality 442-carat Type II diamond Letšeng valued at $18 million.   Credit: Gem
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Largest Ever Russian Color Diamond Found at Yakutia

Almazy Anabara, a part of the Alrosa Group, has unearthed a 236-carat rough diamond of “intense yellow-brown color” at the Ebelyakh mine in Yakutia, Russia. According to a press release, the huge rock “is the largest natural color rough diamond ever found in Russia”.   Credit: Alrosa   The diamond’s
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Could The Cullinan Diamond Mine Soon Have a New Owner?

Petra Diamonds has announced that its board of directors has decided to seek offers for the company, parts of the business, or its assets. Petra is exploring all options available to it in relation to its $650 million outstanding 7.25% senior secured notes which are due for repayment on 1 May
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Mountain Province Diamonds proposes to enter into a transaction to sell $50,000,000 of diamonds

Mountain Province Diamonds Inc. (“Mountain Province”, or the “Company”) (TSX: MPVD) and (OTCQX: MPVD) today announces that it proposes to enter into an agreement to sell (the “Sale“) U.S.$50,000,000 of diamonds to Dunebridge Worldwide Ltd. (“Dunebridge”). The first sale for approximately U.S.$ 22,000,000 is expected to occur on June 11th, 2020 following the execution
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Alrosa Cuts its 2020 Production Guidance and Closes Diamond Mines

Alrosa has announced that it is cutting its expected production this year from 34 million carats to 28-31 million carats – a 17% reduction, according to IDEX Online. Last month, another major miner, De Beers, cut its production from 32-34 million carats to 25-27 million carats.   Credit: Alrosa  
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Angola: Huge Catoca Diamond Mine Slashes Production for 2020

The Catoca mine in Angola, the world’s fourth largest diamond mine, has cut its production 2020 guidance by 80%, IDEX Online reports.   Credit: Lucapa   The state-owned miner Endiama, which operates the mine together with Alrosa, has revised its output to 2 million this year, instead of the 10
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