De Beers conducts second translocation of elephants to Mozambique

De Beers has carried out the second translocation of elephants from its Venetia Limpopo Nature Reserve (VLNR) in South Africa to Zinave National Park in Mozambique has taken place.

Today

ALROSA, ZCDC ink JV agreement to develop Zim diamond deposits

Russian diamond giant, ALROSA has inked a joint venture agreement with the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) to develop diamond deposits in Zimbabwe.

Yesterday

First Israel Diamond Week in Shanghai to embark on a new era of cooperation

When the first Israel Diamond Week opens in Shanghai today, a new era of cooperation between the Israeli and Chinese diamond industries will be launched, says a press release from IDI.

Yesterday

Mothae diamond output 36% ahead of H1 target – Lucapa

Lucapa Diamond said its 75%-owned Mothae mine, in Lesotho produced 6,349 carats in the second quarter of 2019, bringing the first half output to 13,267 carats.

Yesterday

Newfield seeks to increase Tongo resource

Newfield Resources has commenced further drilling and diamond assays on the Panguma kimberlite, which is located to the west of the Kundu and Lando kimberlites, in Sierra Leone.

Yesterday

Exclusive: Banks Face New Challenges In Italian Diamond Scandal

04 july 2019
(One America News Network / Reuters) - A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy’s largest lender, and smaller rival Banco BPM. The allegations, some previously unreported, are laid out in documents used by prosecutors when they sought a magistrate’s order seizing assets from the banks and two diamond brokers. Reuters viewed the documents, which also included excerpts of wire taps and witness statements. The allegations relate to suspected crimes and do not necessarily mean that prosecutors will charge the companies and their employees when their investigation, which has been running since 2016, is concluded. The number of bank officials under suspicion, and the allegations they may face if they are charged, however, are widening.