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.

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.

Gem Diamonds records solid first-quarter performance

Mining News Pro - Gem Diamonds recovered 29 010 ct of diamonds from its 70%-owned Letšeng mine, in Lesotho, in the quarter ended March 31, an increase from the 26 110 ct produced in the first quarter of 2020.

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.

Lucapa notches three more 100+ carat diamonds

Mining News Pro - Lucapa Diamond Company and its partners have recovered three diamonds of more than 100 carats each at the Lulo alluvial diamond mine in Angola, Africa.

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.

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.

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.

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.

De Beers hikes diamond prices again as revival keeps going

Mining News Pro - De Beers lifted diamond prices at its third consecutive sale as an industrywide recovery from the coronavirus pandemic gathers pace.

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.

Petra sees diamond prices starting to normalise, maintains guidance suspension

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.

Diamcor notes rise in rough diamond demand

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.

Gemcorp, Endiama to develop Mulepe diamond project in Angola

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.

Petra Diamonds probes new claims of human rights abuses in Tanzania

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.

Argyle closure to offset 2021 diamond production lift

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

Diamonds forecast to regain pre-pandemic sparkle in 2022 to 2024

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.

Gem Diamonds ends 2020 with a bang as demand improvesd

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.

Lulo diamonds make a splash

Mining News Pro - Diamond miner Lucapa has reported A$7.7-million in revenues from the sale of a rough diamond parcel of 4 273 ct from its Lulo alluvial mine, in Angola.

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