Lucara secures $220m for Botswana diamond mine expansion

Mining News Pro - Canadian miner Lucara Diamond Corp has secured credit-approved commitments for senior debt facilities of up to $220-million to fund the underground expansion of its Karowe mine that will allow the operation to continue until at least 2040.

World’s top jewellery maker Pandora to use only lab-made diamonds

Mining News Pro - Pandora, the world’s biggest jeweler, dealt a blow to diamond miners on Tuesday by announcing it would no longer sell mined gems, but exclusively man-made ones.

Burgundy takes first steps in Ellendale development

Mining News Pro - Burgundy Diamond Mines has mapped out its development strategy for the recently acquired Ellendale diamond mine in Western Australia.

De Beers overtakes Newmont to lead ESG ranking of global miners

Mining News Pro - The world’s biggest diamond producer may not be the first name that comes to mind in a ranking of top environmental, social and governance (ESG) performers. But that’s what the latest industry survey revealed.

Precious jewellery demand set for continuing recovery

Following a challenging year for luxury goods marketers in 2020, the latest consumer survey commissioned by worldwide marketing organisation Platinum Guild International (PGI) during the first quarter of 2021 has determined positive sentiment for the jewellery industry, with a strong indication of robust demand for precious jewellery in three of platinum’s major markets during the coming 12 months.

Diamond stash worth billions sold off after demand roars back

Mining News Pro - The diamond industry’s collapse last year left the biggest producers with billions of dollars of uncut gems stashed away in safes. Now, in a matter of months, they’ve suddenly found buyers.

Blockchain platform for sustainability compliance in extractive industries revitalized

Mining News Pro - Digital transparency company Everledger announced the launching of an improved blockchain-powered platform to make it easier for extractive industries and their clients to evidence their sustainability credentials and compliance with regulatory requirements.

Gemfields generates $31m in April emerald mini auctions

Mining News Pro - Gemfields generated $31.4-million in revenue from a series of five sequential mini auctions from April 15 to 17.

De Beers` third diamond sales cycle nets $440m

Mining News Pro - Diversified miner Anglo American’s diamond mining business De Beers’ third sales cycle of rough diamonds for this year generated $440-million.

Lucapa heads for record diamond haul

Mining News Pro - Lucapa Diamond Company has announced the recovery of the 23rd 100-plus carat diamond from the Lulo alluvial diamond mine in Angola, Africa.

Petra Diamonds delays release of probe into human rights abuses

Mining News Pro - Petra Diamonds has delayed the publication of an internal probe into alleged human right abuses at its Williamson mine in Tanzania after obtaining fresh information related to the case.

Botswana Diamonds progresses development of Botswana

Mining News Pro - Botswana Diamonds (BOD) says it had an eventful six months ended December 31, 2020, making significant progress on its diamond development projects in Botswana and South Africa.

Burgundy Diamond swoops in on Ellendale

Mining News Pro - Burgundy Diamond Mines has emerged as the next owner of the Ellendale and Blina diamond projects in Western Australia with ambitions to reach production within two years.

Botswana finds 11 diamonds at Thorny River project

Mining News Pro - Botswana Diamonds said on Monday it had recovered 11 diamonds and “abundant” kimberlitic indicators from drill samples at its Thorny River project in South Africa’s Limpopo province.

Lucapa ramps up expanded Mothae plant

Mining News Pro - Lucapa Diamond Company has completed an expansion project at the Mothae kimberlite mine in Lesotho, Africa, as part of a bid to increase group production by 200 per cent.

De Beers` sales rise on positive consumer demand for diamond jewellery

Mining News Pro - Diamond miner De Beers says good rough diamond demand continued during its second sales cycle for this year on the back of positive consumer demand for diamond jewellery.

Rockwell shareholders give thumbs up for Bristco merger

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.

Alrosa reports 49% fall in profit

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.

Gemfields to restart mines after covid-triggered layoffs

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.

Gahcho Kué workers return to site after Covid suspension

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.

Lucapa recovers another 100ct diamond

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

Lucapa recovers third 100+ carat diamond for 2021

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

Petra to start implementing restructure

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.

Lucapa finds massive white diamond at Mothae

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

These five trends are playing out in the diamond industry

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.

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