Tango cancels services agreement for Angola diamond project

Tango Mining has terminated the services agreement for mining and marketing of diamonds with Cooperativa Mineira Do Moquita, SCRL in Angola.

Today

Botswana Diamonds renews prospecting licences in Kalahari

Botswana Diamonds’ subsidiary Sunland Minerals has renewed its prospecting licences located in the central Kalahari Desert, in Botswana.

Today

GSI conducted a full review of Marks Jewelers’ inventory for undisclosed lab grown diamonds

Gemological Science International (GSI), one of the largest gemological organizations in the world, conducted a full review of Marks Jewelers’ inventory for undisclosed lab grown diamonds.

Today

Aircraft deal involving Murowa Diamonds goes sour – report

Murowa Diamonds has approached the Zimbabwean High Court seeking an order to compel a safari operator to deliver a 1978 Cessna 206G aircraft it acquired for $85,000 last year, according to local media reports.

Today

India’s Bunder diamond mines likely to be revived

The Bunder diamond project in Madhya Pradesh (MP), India with an estimated 34.20 million carat diamond deposits in Chhatarpur may be revived, according to a report in TOI.

Yesterday

Diamond Sector Outlook – Entering a growth and disruption phase

21 january 2019

(ABN AMRO) - In this publication: The diamond industry has moved from a relatively stable environment to a highly uncertain environment. 2018 was the year that De Beers launched its lab-grown diamond jewellery. 2019 and the years ahead will see lab-grown diamonds for jewellery entering the growth phase. This has serious consequences for the actors in the diamond industry. Natural diamond buyers such as retailers, consumers and jewellery manufacturers) will likely de-stock and hold less inventory. This will result in lower demand for natural diamonds and weigh on prices. Miners will rethink their strategy in light of uncertainty about natural diamond demand, and questions about the value of a diamond. Lab-grown diamond producers will probably focus on technology to become less energy dependent, or use more sustainable energy sources, to increase the product suite and lower prices for the lab-grown diamonds used in jewellery. Consumers will profit from the wider variety of diamonds at more attractive prices.