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ALROSA to revise output plan at its International underground mine due to stricter health and safety policy

ALROSA's management decided to revise output plan at its International underground mine as the company toughens its approach to health and safety management, though its 2018 production plan remains unchanged.

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Lucara rakes in $32.5 mln from exceptional stone tender

Lucara Diamond said it earned $32.5 million from 1,453.06 carats, included two diamonds greater than 300 carats, sold at its 12th exceptional stone tender.

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Gem Diamonds pays out $18.3 mln to Botswana, Lesotho gvts

Gem Diamonds said it paid $18.3 million to Botswana and Lesotho governments for diamond mining activities in the financial year ended December 31, 2017.

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ZCDC pacifies angry Marange community with $5 mln diamond cash

The state-owned Zimbabwe Consolidated Diamond Company (ZCDC) has handed over $5 million to the Marange-Zimunya Community Share Trust, according to local news reports.

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Trans Hex projects increase in FY loss

Trans Hex, which will release its results on Thursday, is set to report a loss per share of 175.6 cents for the financial year ended March 31 compared to a loss per share of 173.5 cents in the previous corresponding period, representing an increase in...

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De Beers Not Participating in GIA Program

11 september 2017
(jckonline.com) - Recently, De Beers’ senior vice president of sightholder sales, Bernard Bradley, sent his company’s clients the following note, "Several [sightholders] have contacted us recently by requesting permission to confirm to supply chain partners that specific goods originate from a primary De Beers source. Several of the discussions have been in relation to programs such as GIA’s M2M [Mine to Market (pictured)] or other…initiatives seeking to make provenance claims. We have declined all such requests." Bradley explains that representing goods as from De Beers has “significant potential to create consumer confusion in relation to [retail chain] De Beers Diamond Jewelers.”

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