Angola's Luaxe eyes trial mining mid-next year – Alrosa

Angola's new Luaxe diamond deposit is set to commence trial mining mid-next year that is expected to produce 1 million carats worth $90 million in 2020, according to Alrosa.

Yesterday

Christie’s Magnificent Jewels totals $67.5 million

Christie’s latest auction Magnificent Jewels, which was held on December 11, totaled $67,519,625.

Yesterday

Botswana Diamonds opts to focus on advanced kimberlite projects in Zimbabwe, South Africa

Botswana Diamonds, which convened its Annual General Meeting (AGM), in London on Thursday, has resolved that its diamond exploration work will focus on advanced kimberlite projects in Zimbabwe and the Free State kimberlite field in South Africa...

Yesterday

Petra’s SA mining operations back at normal load levels

Petra Diamonds' mining operations in South Africa are now operating at normal load levels after the country’s power utility, Eskom, lifted its load curtailment restrictions.

Yesterday

AGD DIAMONDS extracts its four millionth ton of ore

The Grib Mining and Processing Division, which is operated by AGD DIAMONDS, has processed its four millionth ton of ore in line with the company’s annual production plan.

12 december 2019

The Problem With Diamonds Is They Keep Getting Cheaper

04 december 2019

(finance.yahoo.com/bloomberg.com) - Five years ago, the diamond industry’s biggest worry was being forgotten by millennials, who — the theory went — didn’t covet sparkly gems the way their parents had. The concern turned out to be mostly unfounded, but the reality is almost worse. While Americans are buying more diamond jewelry than ever before, most polished diamonds are getting steadily cheaper. The lower prices and a glut of the type of stones that go into a discount-store engagement ring or pair of earrings have pushed the global diamond trade into crisis.