Petra gross diamond reserves down 14% to 33.33Mcts

Petra Diamonds’ gross diamond reserves decreased 14% to 33.33 million carats as of 30 June 2021 compared with 38.86 million carats, a year earlier.


Vladimir Dyukarev, former COO of ALROSA passes away

Vladimir Dyukarev, a mining engineer, who committed most of his life to the country's diamond industry making his way up from a foreman at the Udachny Mining Division to the COO of ALROSA, passed away today at the age of 78.


The third J-1 Jewellery Congress to be held in Moscow on September 26-28

The third J-1 Jewellery Congress will be held in Moscow’s Gostiny Dvor Conference Hall on September 26-28. The Congress will become a key educational and business platform for the jewellery industry and will set new vectors for its further development...


Private investor mulls $500mln investment in two Angola gold mines

A Brazilian-Angolan national, Valdomiro Minoru Dondo, is set to invest $500 million to help jump-start gold mining in northern Angola. This comes three years after Luanda started issuing new licenses to explore precious metals.


Katoro Gold makes progress in Tanzania, SA

Katoro Gold recorded significant progress across its project portfolio during the six months ended June 30 despite the challenges brought about by the COVID-19 pandemic.


Lucara optimistic on direction of diamond market, but waits for further signs of recovery

05 march 2020

Image credit: Lucara Diamond

( - Lucara Diamond CEO, Eira Thomas, said she was optimistic on the direction of the diamond market, but stopped short of saying whether improved pricing would make a substantial impact on the firm’s 2020 financial year. “We know the diamond market is going to recover, we just don’t know how quickly,” said Thomas in response to questions following presentation of the firm’s 2019 financial results on February 24. “Last year was a tough year.” Thomas said sales for the firm’s fourth quarter had been “very encouraging” as there were price improvements across all diamond sizes.