Another diamond auction held by Russia’s Ministry of Finance added $3.5 million to the country’s treasury

The Ministry of Finance of the Russian Federation held another auction for the sale of natural diamonds weighing up to 10.8 carats from the State Fund of Russia on Wednesday, as a result of which the country’s treasury raked in $3,542,092.62.

Yesterday

AGD Diamonds celebrated 23 years since discovery of Grib diamond deposit

Last Tuesday, AGD Diamonds, a Russian diamond company, celebrated 23 years since the discovery of the Grib diamond deposit, the fourth largest diamond deposit in Russia and the seventh in the world.

Yesterday

Over 5,000 cts for first Mothae run of mine sale in Antwerp – Lucapa

Lucapa Diamond, which has a 70 percent stake in Lesotho’s Mothae, said more than 5,000 carats will be placed under the hammer at its first run of mine sale in Antwerp.

Yesterday

HKTDC’s Twin Shows: World's largest jewellery marketplace opens next week

Two major jewellery shows organised by the Hong Kong Trade Development Council (HKTDC) will open next week.

Yesterday

FCRF: Fancy color prices will rise as supply wanes

One of the most overlooked facts concerning the diamond industry is that the world’s diamond mines are rapidly depleting. Within a quarter of a century the majority of the 45 most notable diamond mines operating today will cease to exist, and the last...

Yesterday

Angola wants to open its doors to more Aussie diamond miners

18 june 2018
(stockhead.com.au) - Angola is working to make its diamond sector more appealing to Australian miners. While there is a large number of Australian miners active on the broader African continent, there are just three that have projects in Angola, and only one of those companies – Lucapa (ASX:LOM) – is in diamonds. Up until now Angola has had in place restrictive legislation over diamond operations including not allowing foreign investors to hold a majority stake and a requirement that all diamonds must be sold through a central state-owned government agency. On top of that, the process for repatriating revenues earned in Angola back to Australia has been somewhat long and arduous. However, following the election of a new government in August last year, the country is now seeking more foreign investment in its natural resources, including diamonds.