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 to run 30-day search in last gasp effort to save Voorspoed

02 august 2018
(miningmx.com) - De Beers has abandoned its formal process of finding a buyer for Voorspoed, the Free State province mine the diamond group said in November it viewed as non-core. However, South Africa’s Department of Mineral Resources (DMR) wants DBCM to throw a lifeline to Voorspoed by running a process parallel with retrenchments in which it seeks to find an “… operator capable of purchasing Voorspoed mine”. This followed a meeting on July 30 in which the DMR expressed its concerns regarding job losses in the mining sector.