Alrosa wants majority stake to mine diamonds in Zimbabwe – report

Russian diamond miner Alrosa, which will be assessing the quality of Zimbabwe’s diamond reserves over the next six months, wants a majority stake to mine diamonds in the southern African country, according to a news report.

Today

Diamond Fields auctions Namibian marine diamonds for $1.1 mn

Diamond Fields has sold 47,298.18 carats of rough diamonds from the ML111 licence offshore Namibia for $1.1 million.

Today

ALROSA price index has fallen by 2% in the last five months

ALROSA CEO Sergey Ivanov said that the price index for ALROSA rough diamonds fell by almost 2% over the past five months, FINMARKET.RU reported.

Yesterday

Debswana begins extension of Jwaneng to 2035

Debswana Diamond Company, a 50/50 joint venture between De Beers and the Botswana government, has commenced the Cut-9 project to extend the life of Jwaneng Mine to 2035.

Yesterday

India’s polished diamond exports down 3.5% in February

Exports of cut and polished diamonds from India dropped by 3.51% year-on-year during the month of February 2019, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).

Yesterday

50% jump in Swiss Bank deposits by Indians: Rahul targets Modi on black money

18 july 2018

(nationalheraldindia.com) - Congress President Rahul Gandhi said that the Modi government had carried out demonetisation to supposedly curb black money but its stance now was totally different. Congress President Rahul Gandhi on Friday targeted Prime Minister Narendra Modi on the issue of black money and said he had promised to bring back all illegal money stashed abroad but his government was now virtually saying that there was no illegal money in Swiss banks.