Namdia, Namibia’s state-owned diamond marketing firm, achieved a remarkable 63% revenue increase, reaching a record $210 million, IDEX Online reports. Namdia is responsible for selling 15% of the run-of-mine production from Namib Desert Diamonds (Namdeb), a joint venture between De Beers and the Namibian government. The company reported a gross

Rio Tinto has reported a 37% drop in third-quarter production at its Diavik diamond mine in Canada’s Northwest Territories, IDEX Online reports.    This decline is attributed to the completion of an underground pipe and challenges in the open pit section of the mine, located 200 miles from the Arctic

Russian mining giant Alrosa has announced the recovery of an irregular-shaped diamond weighing 390.7 carats – Alrosa’s largest recovery in a decade,” according to IDEX Online. The gem is described “as a light crystal of irregular shape, bordered by a yellow-brown halo.”    The stone was recovered by Alrosa’s subsidiary

Russian mining giant Alrosa has begun building a new “giant” mine to replace Mir, which was closed in 2017. The new mine will be called Mir-Gluboky, according to Mining Weekly.   Alrosa’s CEO Pavel Marinychev said the project would require an “estimated investment of 121.5-billion roubles ($1.26-billion), with production to

Lucara Diamond has found yet another huge gem at its Karowe Diamond Mine in Botswana. The diamond, a 692.3 carat behemoth, measures 46.5 x 40.7 x 28.4 mm and is described as a Type IIa high white gem.   According to Lucara, the stone was recovered in the MDR XRT