DelGatto launches first-ever ‘Online Finance Platform’ on IDEX Online

The DELGATTO Diamond Finance Fund (DDFF) launched the diamond industry's first ever online finance platform, on IDEX Online on 26 May 2020.

Today

Lucapa advances Lulo kimberlite exploration project

Lucapa Diamond is making progress on its kimberlite exploration programme in Angola, which seeks to identify the hard-rock sources of exceptional alluvial diamonds mined along the Cacuilo River at Lulo.

Today

WFDB launches digital campaign to promote Get Diamonds to retailers

The World Federation of Diamond Bourses (WFDB) is launching an international digital marketing campaign to introduce Get Diamonds to jewelry retailers.

Today

SA mines record 320 COVID-19 cases

South Africa’s mining industry has recorded 320 cases of Covid-19 as the industry prepares to operate at full capacity from June 1, according to media reports citing the Minerals Council.

Today

AGD DIAMONDS issues a report on development prospects for 2019 in line with GRI standards

AGD DIAMONDS has issued its second Sustainable Development Report for 2019 on May 26. The Sustainable Development Report for 2019 is a non-financial report of the Company.

Yesterday

De Beers proceeds with Sight Three

26 march 2020
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Diamond Trading Company Botswana                                                                                               Image credit: Bloomberg


(weekendpost.co.bw) - “As the situation around the world continues to evolve rapidly, we have been speaking with our customers to understand their requirements. While this is an extraordinary situation, our customers continue to express their desire for the Sight to proceed. We are therefore focused on standing with our customers, meeting their requirements and proceeding with Sight 3.” This is the most functional paragraph in a De Beers release announcing that Sight 3 will proceed amid coronavirus fears. According to American business media outlet, Bloomberg, De Beers is currently struggling with how to conduct diamond sales because key customers are blocked from travelling, let alone entre Botswana. The next sight is scheduled to start on the 30th of March. “Our intention remains to hold the sight, in line with the desire for it to go ahead as expressed by customers, but we are developing a suite of contingency plans in the event that it is not possible to hold the sight in the usual manner,” De Beers told Bloomberg this week.