An exclusive diamond recovered by AGD DIAMONDS is named after Boris Popov

A unique diamond recovered by AGD DIAMONDS at the Grib Mine in April 2020 was named after Boris Popov, the statesman who made a significant contribution to the discovery and development of the Arkhangelsk diamondiferous province.

10 july 2020

Covid-19 pandemic slows Lucapa Q2 output in Angola

Lucapa Diamond’s second quarter output at its 40%-owned Lulo alluvial project, in Angola eased 24% to 2,944 carats compared to 3,868 carats, a year earlier.

10 july 2020

ALROSA's sales in June “were expectedly low”

The diamond miner’s total sales of rough and polished diamonds in June amounted to $ 31.3 million, including $ 24.8 million in rough sales and $ 6.5 million in polished sales, according to its trading update released on Friday.

10 july 2020

Diamond Fields amends cooperation agreement with TMH over Madagascar project

Diamond Fields Resources (DFR) has amended its cooperation agreement with TMH Acquisition (TMH), a special purpose vehicle established by Denham Mining to advance the company's Beravina project in Madagascar.

10 july 2020

Severalmaz resumes operations at processing plant

Severalmaz, a subsidiary of ALROSA Group, resumed operations at its processing plant on the Lomonosov diamond field after a temporary shutdown. The ore processing facility, idle since mid-May, was restarted on July 8 and will continue operation until...

10 july 2020

Are Diamonds Still A Girl’s Best Friend? Industry Sees Major Downturn Amid Coronavirus Pandemic

30 june 2020

expert_30062020_natural_diamonds.png
Natural diamonds Image credit: Lucapa Diamond Company

(brinkwire.com) - With few jewelry stores open, consumers sitting on the sidelines and diamond exchanges closed as a result of the coronavirus pandemic, the mined diamond industry has ground to a virtual halt amid efforts to grapple with the growing popularity of synthetic stones. Earnest Data estimates retail spending on jewelry in the U.S. was off 75% through April 1 while Dinesh Navadiya, GJEPC, estimated Indian diamond exports were off $846 million. “We’ve never had an environment where commercial activity right across the whole pipeline, let alone the whole luxury goods industry, has simply come to a halt,” David Prager, executive vice-president corporate affairs at De Beers, told Jeweller magazine. DeBeers, the world’s second largest diamond producer, estimated 2020 production will be down 20%.