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

De Beers Starts Work on Lab-Grown Diamond Factory

19 july 2018
(jckonline.com) - So, it seems this is really going to happen. De Beers, which sent shockwaves through the trade before JCK Las Vegas when it announced that it would sell lab-grown diamonds, held a ceremony this week in Gresham, Ore., to kick off construction of its first synthetic diamond gem factory. “It makes the whole project very real,” Lightbox general manager Steve Coe tells JCK. The groundbreaking for the $94 million factory was attended by Gresham mayor Shane Bemis, Gresham’s entire city council, as well as executives from De Beers-owned synthetic producer Element Six. The 60,000-square-foot building is set to be finished by the middle of next year. It will start producing diamonds in January 2020. It wants to be at a full capacity—500,000 rough cts. a year—by the end of 2020. It will employ about 60 people.