China backs Russia in opposing bid to redefine conflict diamonds

Mining News Pro - China has joined Russia in opposing an effort to redefine conflict diamonds to include those sold by individual nations, as a rift between Western and pro-Russia nations jeopardizes the process for certifying rough diamonds as conflict-free.

Russia eyes new rules on state’s gold, gem sales amid war

Mining News Pro - Russia’s government and parliament are seeking to change rules on the sales and management of the state’s precious metal and gem stockpiles amid the war with Ukraine.

Alrosa nixes dividend as economic sanctions bite

Mining News Pro - The board of Russian diamond major Alrosa (MCX: ALRS) has suggested shareholders vote to receive no dividend for 2021 during the upcoming general meeting.

De Beers rises small diamonds price amid shortage

Mining News Pro - De Beers, the world’s top diamond producer by value, has once again increased the price of its smaller stones as sanctions on Alrosa (MCX: ALRS), its Russian rival, have worsened a global shortage caused by two years of covid-related shutdowns.

Mountain Province discovers kimberlite in three target areas at Kennady North

Mining News Pro - Mountain Province Diamonds has released interim exploration results for its 100%-held Kennady North project in Northwest Territories, consisting of over 107,000 ha of claims and leases that completely surround the Gahcho Kué diamond mine.

Global diamond trade fractures under the weight of Russia sanctions

Mining News Pro - Russia’s invasion of Ukraine is fracturing a billion-dollar trade that spans the permafrost-laden diamond mines of Siberia, secretive trade houses in Antwerp, dusty polishing powerhouses in India and New York’s glittering designer jewelry stores.

Diamond prices are spiking and even De Beers can’t fill the gap

Mining News Pro - Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time.

Record price tipped for largest white diamond

Mining News Pro - The largest white diamond ever auctioned will go under the hammer in Geneva this week, part of a sale by Christie’s that features two stones weighing more than 200 carats each.

Diamond prices are spiking and even De Beers can’t fill the gap

Mining News Pro - Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time.

Star Diamond confirms Type IIa high value diamonds at Orion North

Mining News Pro - Star Diamond has completed a study into the abundance of Type IIa diamonds in parcels recovered from the Early Joli Fou (EJF) geological units at the Orion North (K120, K147 and K148) and Taurus kimberlites (K118, K122 and K150).

Russia says it may buy diamonds from sanctions-hit Alrosa

Mining News Pro - Russia may buy an as yet undetermined amount of rough diamonds from sanctions-hit producer Alrosa through its state precious metals and gems repository Gokhran, the country’s Finance Minister Anton Siluanov said on Wednesday.

The diamond world is scrambling to keep buying Russian gems

Mining News Pro - US sanctions on Russia’s giant diamond miner are causing chaos through the industry, leaving traders and manufacturers hunting for workarounds to keep tapping one of the world’s main sources of precious gems.

De Beers back to search for diamonds in Angola

Mining News Pro - De Beers, the world’s largest diamond miner by value, has inked two mineral investment deals with the Angolan government granting the company exploration rights for 35 years in the country’s northeast.

Namibian cuprous oxide gemstone could hold key to quantum computers

Mining News Pro - New research led by the UK’s University of St Andrews found that a special form of light made using an ancient Namibian gemstone could be the key to new light-based quantum computers, which could solve long-held scientific mysteries.

De Beers reassures market its diamonds do not come from Russia

Mining News Pro - Diamond major De Beers is encouraging retailers to “buy with confidence” by engaging with their suppliers to understand the origin of their diamonds, following an executive order by US President Joe Biden banning the importation of Russia-sourced diamonds into the US.

Kimberlites provide clues as to how what happens on earth’s surface affects the lower mantle

Mining News Pro - Researchers examining kimberlites from different epochs of earth’s history discovered that what happens on the planet’s surface affects its interior – even down to great depths.

International trade data on emerald, ruby supply skewed

Mining News Pro - A recent report published by Africa-focused Gemfields rings the alarm bell on the lack of reliability of data related to the international supply and trade of emeralds and rubies.

De Beers latest sale shows diamond demand remains strong

Mining News Pro - De Beers, the world’s top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period last year, attesting to the industry’s consolidated recovery from the first pandemic-induced shutdowns.

De Beers returns diamond sights to Gaborone as travel opens up

Mining News Pro - De Beers is bringing its sales activities back to Botswana’s capital Gaborone, it said on Thursday, almost two years after the Covid-19 pandemic forced them to be held in cities including Antwerp and Dubai.

Oriole appoints Carr nonexec chairperson

Mining News Pro - West Africa-focussed gold explorer Oriole Resources has appointed chartered accountant Eileen Carr to its board as nonexecutive chairperson, effective February 17.

Top Gold Mines in South Africa

Mining News Pro - This list, compiled by Further Africa, highlights the top 10 gold mines in the country by proven gold reserves

De Beers boosts production to meet recovering demand

Mining News Pro - De Beers, the world’s top diamond producer by value, saw production jump in the last quarter of 2021 by 15% to 7.7 million carats, as it boosted production to meet recovering demand.

Giant black diamond said to come from space could fetch $6.8 million

Mining News Pro - A 555.55-carat black diamond that is literally out of this world could fetch at least $6.8 million when it goes under Sotheby’s hammer next month in London, after being exhibited in Dubai and Los Angeles.

De Beers makes diamond buyers cough up cash with fresh price rise

Mining News Pro - De Beers has implemented its biggest price increase for diamonds in years as the industry consolidates its recovery from the first pandemic-induced shutdowns.

Flawed diamonds may be the key to quantum internet

Mining News Pro - New research by a team at Japan’s Yokohama National University found that flaws in diamonds —atomic defects where carbon is replaced by nitrogen or another element— may offer a close-to-perfect interface for quantum computing, a proposed communications exchange that promises to be faster and more secure than current methods.

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