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.

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.

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.

Signet shocks diamond trade with refusal to buy Russian gems

Mining News Pro - Signet Jewelers Ltd., the owner of Kay Jewelers and Zales, sent shockwaves through the global diamond trade on Wednesday, telling suppliers it would no longer buy stones mined in Russia, the world’s biggest source of gems.

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.

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.

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.

Botswana’s Debswana diamond sales jump 73% in first nine months of 2021

Mining News Pro - Sales of rough diamonds by Debswana Diamond Company jumped 73% in the first nine months of 2021, statistics released by the Bank of Botswana showed on Tuesday, driven by the reopening of U.S. and China’s consumer markets.

Rio Tinto now the sole owner of Diavik diamond mine

Mining News Pro - Rio Tinto became on Thursday the sole owner of the iconic Diavik diamond mine in Canada’s Northwest Territories after buying the 40% share held by Dominion Diamond Mines, despite previously saying it had no plans to take full control of the aging Arctic mine.

Lab-grown diamonds are latest victims of China’s power crisis

Mining News Pro - The lab-grown diamond industry is the latest sector to feel the effects of China’s energy crisis — and if the situation gets worse, consumers may find that special Christmas gift is suddenly a lot more expensive.

Rio Tinto sells last Argyle diamonds at record highs

Mining News Pro - Rio Tinto’s last pink, red, blue and violet diamonds from its iconic Argyle mine, in the remote east Kimberley region of Western Australia, smashed records on Thursday.

Burgundy reaps rewards of fancy diamond niche

Mining News Pro - Burgundy Diamond Mines has received its first parcel of rough fancy colour diamonds at the Ellendale cutting and polishing facility in Perth, after their purchase in September.

Botswana Diamonds acquires control of Thorny River

Mining News Pro - Botswana Diamonds has exercised its pre-emptive right to acquire the outstanding third-party interests in Vutomi Mining and Razorbill Properties 12, giving it control of the Thorny River project in South Africa.

Petra Diamonds mulls selling Williamson mine

Mining News Pro - South Africa’s Petra Diamonds (LON: PDL) is considering selling its Williamson mine in Tanzania, even as it continues to work on bringing the operation back online in the second half of 2021.

Burgundy buy to produce Fancy diamonds from the rough

Mining News Pro - Burgundy Diamond Mines has made its first purchase of third-party rough diamonds to be sent to its purpose-built cut and polish facility in Perth, Western Australia.

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