Gem and Diamond

Mining News Pro - Rockwell Diamonds has received the support of its shareholders for the proposed acquisition by and amalgamation with a British Columbia incorporated company owned by Mark Bristow, called Bristco.

Mining News Pro - Russian State-controlled diamond producer Alrosa on Tuesday reported a 49% fall in 2020 net profit to 32.2-billion roubles ($432-million) on lower sales and a weaker rouble.

Mining News Pro - Precious gemstones miner Gemfields said on Monday is ready to resume production at its two flagship mines in Africa, nearly a year after it had to halt operations in response to covid-19.

Mining News Pro - Mountain Province Diamonds has started a ramp-up to resume operations at the Gahcho Kué mine, where production was suspended on February 6 after experiencing several cases of Covid-19.

Mining News Pro - Lucapa Diamond Company has recovered its nineteenth diamond of more than 100 ct at its Lulo alluvial mine, in Angola.

Mining News Pro - Lucapa Diamond Company has discovered a 114-carat white diamond from the Lulo alluvial diamond mine in Angola, Africa.

Mining News Pro - Petra Diamonds has announced that the scheme conditions effective date has occurred, thereby enabling the start of the implementation of the company’s restructuring.

Mining News Pro - Lucapa Diamond Company has recovered a 215-carat diamond from the Mothae kimberlite mine in Lesotho, Africa.

Mining News Pro - Despite relatively stable consumer demand for diamonds in established markets like the U.S. and notable growth from newer markets like China, for the most of last decade the diamond industry has felt apathetic. This can in part be explained by an arguably oversupplied supply-chain, insufficient marketing efforts and a general pessimism towards the diamond business as a changing consumer economy challenges traditional industries.

Mining News Pro - Petra Diamonds has advised that its production guidance for the 2021 financial year remains suspended owing to the uncertain impact of the ongoing Covid-19 pandemic.

Mining News Pro - Diamcor Mining reports that 2 028.33 ct of rough diamonds recovered from the processing of quarry material at its Krone-Endora at Venetia mine, in South Africa, were tendered and sold during the company’s second tender and sale of rough diamonds in Dubai during the first week of February.

Mining News Pro - Australia’s largest diamond core drilling contractor DDH1 is set to float on the ASX by launching an initial public offering (IPO) to raise $150 million.

Mining News Pro - Petra Diamonds is already making some changes, such as appointing a new security contractor and implementing a new grievance mechanism, at its Williamson mine, in Tanzania, while it finalises an investigation into alleged human rights abuses by security personnel at the mine.

Mining News Pro - Investment group Gemcorp Capital and Endiama Mining, a subsidiary of Angola’s state-owned diamond miner Endiama, have partnered up to develop the Mulepe diamond deposit in the country’s northeastern province of Lunda Norte.

Mining News Pro - Struggling Petra Diamonds said on Tuesday is investigating fresh allegations of human rights abuses at its Williamson mine in Tanzania, following a lawsuit against the company launched last year.

Mining News Pro - Australia is one of four countries responsible for the substantial decrease in rough diamond production during the COVID-19 pandemic.

Mining News Pro - Diamond jewellery demand will recover to pre-pandemic levels between 2022 and 2024, with China leading the way, a report commissioned by the Antwerp World Diamond Centre predicted.

Mining News Pro - Diamond miner De Beers sold $650-million of diamonds in the first sales cycle of this year.

Mining News Pro - Diamond miner De Beers sold $650-million of diamonds in the first sales cycle of this year.

Mining News Pro - Africa-focused Gem Diamonds ended 2020 in much better shape than many of its peers as it recorded revenue growth driven mostly by a sharp recovery in prices and sales during the second half of the year.

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