Russia’s Ministry of Natural Resources and Environment warns of a possible shortage of diamonds in the country

The Ministry of Natural Resources and Environment of the Russian Federation notifies of a future shortage of diamonds in the country and plans to make up for it by mining diamonds in Karelia, Dmitry Kobylkin, the head of the ministry said.

Yesterday

De Beers to partially lift its source-disclosure ban – report

De Beers is set to relax its source-disclosure restrictions for diamond buyers known as sightholders as calls for transparency grow to a crescendo, according to Rapaport News.

Yesterday

AGD Diamonds commissioned yet another facility to improve ecology at the Grib mine

In mid-December, AGD Diamonds’ Mining and Processing Unit at the Grib diamond mine launched a car wash to clean rock haulers and auxiliary mining equipment, the company’s press service said.

Yesterday

Trans Hex returns to profitability

Trans Hex, which has operations in Angola and South Africa, said it recorded a net profit of R52-million ($3.7 million) for the six months ended September 30, compared to a loss of R199-million ($14 million), a year earlier.

Yesterday

India’s polished diamond exports down by 12% in November

Polished diamond exports dipped by 12.06% as compared to the same month in 2017, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC) of India.

Yesterday

De Beers scoops Peregrine’s Chidliak diamond prospect for C$107m

23 july 2018

(miningmx.com) - De Beers said it had secured one of Canada’s best undeveloped diamond deposits following a C$107m cash transaction in which it bought outstanding shares in Toronto-listed Peregrine Diamonds. “With a strong outlook for consumer demand, we are seeking new opportunities to invest in our future supply potential and look forward to growing our portfolio in Canada and working with community partners in the Nunavut Territory as we further develop the project,” said Bruce Cleaver, CEO of De Beers referring to Peregrine’s Chidliak property.