Mountain Province Diamonds announces the results of its latest diamond sale

Mountain Province Diamonds Inc. has announced the preliminary results of its latest diamond sale in Antwerp, Belgium, which closed on September 19th, 2020, as per a press release from the miner.

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Russia’s Duma is offered to change the basis for calculating the severance tax levied from diamond mining

The Russian government has submitted a bill to the State Duma offering a new procedure for assessing the value of mined precious stones used to calculate the severance tax levied from mining companies. It is proposed to estimate their value based on...

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Lucapa realises $2.3 mln from Lulo diamonds sale

Lucapa Diamond has raked in $2.3 million (A$3.2-million) from the sale of diamonds from its 40%-owned Lulo alluvial mine, in Angola.

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Star recovers over 2800 diamonds from third bulk sample trench

Star Diamond has recovered 2,822 diamonds weighing 130.26 carats from the third bulk sample trench excavated on the Star Kimberlite at its Orion South diamond project, in Canada.

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Gem Diamonds unearths two large stones at Letšeng

Gem Diamonds has unearthed two large stones at its 70%-owned Letšeng mine, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.

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Geopolitical Instability Impacts Antwerp Diamond Industry in 2019

21 january 2020

(thediamondloupe.com) - 2019 was a challenging year for the global diamond trade. The entire industry, from miners to manufacturers and from diamond traders to jewelry retailers saw their trade figures and profits decline during the past year. Antwerp, as the leading diamond trading hub, was caught in the middle of the industry-wide storm. “Geopolitical instability led to economic turmoil, which negatively impacted consumer confidence,” says Ari Epstein, CEO of the Antwerp World Diamond Centre. According to Bain & Company, the diamond trade is in for a difficult 2020 as well, but should fully recovery in 2021.